For those people hoping for a light at the end of the tunnel, this report reveals the tunnel is still under construction.
More Quotes from Anthony Chan:
These numbers are suggesting that a future Federal Reserve tightening will be coming to a theater near you quite soon.Anthony Chan
That's not to say consumer spending will collapse, but there's no doubt it will lag growth in the rest of the economy. I'm hoping business capital investment will take up some of the slack.
Anthony Chan
The sharper-than-expected PPI decline will undoubtedly raise the stress level of Federal Reserve officials at the next policy meeting since it tells us price trends are moving dangerously in the wrong direction, ... The only consolation, however, is that this report was dominated by energy price declines. Outside of the food and energy price components, price trends appear to be stabilizing.
Anthony Chan
This will certainly heat up the debate at the central bank,
Anthony Chan
To the extent that consumer sentiment reacts to movements in the unemployment rate rather than the meager increase in non-farm payrolls, we have to take this ... report as delivering good news to the troops.
Anthony Chan
These figures strongly suggest that the labor market recovery train is still not even at the train station as of yet.
Anthony Chan
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