Going into this report, many analysts greatest fear was that the Fed may have lost some control of this budding recovery. The actual evidence shows that a moderate recovery is exactly what we are likely to get.
We'll start seeing solid and significant evidence of recovery in the manufacturing sector in the first quarter next year. It was the first to go into recession and will be the first to come out.
Although today's employment report provides little evidence of anything resembling a double-dip recovery, it does provide stronger support for the onset of a gradual to a moderate recovery in the months ahead.
It's unreasonable to expect that the information we have so far could justify another cut right now. We need to see more evidence the economy is headed for much slower growth in the months ahead.
clear evidence that this sector will not continue rising forever.