Patrick Fearon
Patrick Fearon
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.
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.
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.
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.
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.
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.
downward evidence fact fed interest might months raising rates rather sooner stop trend
The fact that (core inflation) has been on a downward trend for two months is more evidence that Fed policy-makers might stop raising interest rates sooner rather than later.
claims compared general healthy indicator initial labor last low march market months remains several size trend workforce
The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.
certainly claims expect labor low range relatively remain strong though
Even though that was an 11,000 increase, you have to say claims remain relatively low and certainly in the range we would expect in a strong labor market.