With the expansion projected to accelerate in the third quarter and inflation projected to be contained, the Fed is expected to 'play the same tune' and 'dance the same step' into early 2006.
More Quotes from Brian Bethune:
We're definitely going to see a very strong first quarter. It looked like consumers were hibernating in December, and all they needed was an excuse to go on a spending spree. The weather provided that.Brian Bethune
The Fed has been kind of on autopilot here for quite a while, ... Now all of a sudden they're going to have to start doing some work. I don't think a robotic response is appropriate here.
Brian Bethune
That was a gust of wind in the spinnaker.
Brian Bethune
There are reports of solid underlying demand for 30-year bonds from pension funds and insurance companies.
Brian Bethune
This sets the stage for a modest consumer expenditure growth slowdown in the fourth quarter, providing support for the Federal Reserve's very gradual approach to adjusting rates,
Brian Bethune
The overall momentum in construction remains solid. We expect this pattern to continue, with public and commercial construction taking the leadership baton in 2006 as housing starts ease back moderately.
Brian Bethune
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