They could have said there's a clear acceleration in economic activity currently under way, but it remains at risk of weakening or reversing, owing to the labor market and other factors. To leave it out completely doesn't make any sense to me -- it's as if they think the market's full of dummies.
More Quotes from Anthony Crescenzi:
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,Anthony Crescenzi
In light of the political backdrop, the decline in confidence is understandable and is therefore of little worry, particularly now that the primary season is over,
Anthony Crescenzi
Even though it falls outside of the survey period, it may be that an individual found a job during the survey period and so didn't have to file a claim in the following weeks, ... It tells a story about labor demand and suggests that has improved.
Anthony Crescenzi
I think it is more psychological than anything, ... But there is concern more money will be put in euro reserves than in dollar reserves.
Anthony Crescenzi
Today, the market witnessed the other side of that de-leveraging process, ... If this was the fuel driving up bonds recently, there's probably not a lot of that left.
Anthony Crescenzi
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
Anthony Crescenzi
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