Patrick Fearon
Patrick Fearon
core decide fairly fed growth hand point raising rate soon stop
If the core rate doesn't get out of hand and growth comes in moderate, at some point fairly soon the Fed could decide ... to stop raising rates.
conclude consumer eventually factor federal fourth growth help housing monetary rate reserve sector slow spending tend
We still think that the growth rate will slow substantially in the fourth quarter, in part because the housing sector is softening which will tend to soften consumer spending as well. That is one factor that will probably help the Federal Reserve eventually conclude its monetary tightening cycle.
albeit consumer continuing economic fact good growth labor market momentum positive reflects sign start year
It's a good sign that the consumer has some momentum going into the start of the year and that probably reflects the fact that the labor market is continuing to improve, albeit modestly. It's a positive for economic growth this year.
certainly growth key lower rate
It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,
evolving impact labor mean numbers people relatively situations terms understanding until
It could mean that those people don't show up in the jobless numbers until relatively late, so it's an evolving situations in terms of understanding the impact on the labor market.
cautious energy people possibly prices rebound recent reflects
It could be this reflects the recent rebound in energy prices that possibly made people a little more cautious again.
close investment point wage
We're probably close to the point where there will be a take-off in investment and wage growth.
easier finding good jobs labor people relatively situation unemployed
People who are unemployed are finding it relatively easier to find jobs. All around, it's a pretty good situation for the labor market.
ballgame consumer economic looks spending supporting terms trend weaker
Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.
broad certain enjoying evidence fed interest monetary period piece policy raising rates robust terms
Manufacturing in broad terms is enjoying a very robust period even if certain sub-industries are struggling. It's probably another piece of evidence that the Fed could potentially be raising interest rates after the May 10 monetary policy meeting.
fed raising rates stop support
That would support the idea that the Fed can stop raising rates soon.
core december fed inflation modest percent personal raising rates reflects rise stable stop support
The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.
basically basis core inflation personal trend whether year
Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.
consumer easily fact final higher number shows
The fact that the final number is higher than the preliminary number shows that the American consumer is not going to be easily intimidated.