Non-farm payroll numbers of over 300,000 are pretty much consistent with economic growth of about 4 percent, (and) that's way above trend,
More Quotes from Alan Ruskin:
His comments fit with the basic idea of a pause at a 5 or perhaps 5.25 funds rate - more likely the former, but with no presumption that this will be the peak in rates.Alan Ruskin
My concern is that what's happened here is that inflation is higher than the Fed anticipated. On top of that, the kind of tightening already imposed by the markets, in terms of lower equities and higher bond yields, is setting up weaker growth in 2005.
Alan Ruskin
The labor market has not accelerated to the extent one might expect, judging from past cycles, and we probably won't see evidence of it again in the December numbers.
Alan Ruskin
The market will focus the most on this deflator number, and it is worth 132nd or 232nds (in price fall) on the back end of the curve.
Alan Ruskin
The Fed is still in the game, and the odds of it easing again are higher than the 50-percent probability the implied yield on Fed funds futures had going into these data.
Alan Ruskin
Poor employment trends clearly are weighing on sentiment, ... The (IBD) data is consistent with a meaningful decline in the Michigan survey.
Alan Ruskin
Readers Who Like This Quotation Also Like:
Based on Keywords: non-farmA picture is a poem without words.
Horace
There is no kind of harassment that a man may not inflict on a woman with impunity in civilized societies.
Denis Diderot
I was brought up by two people who just said, Whatever it is you're interested in, go do it. There is no winning or losing. You find out when you do it what the experience is.
Kurt Russell