There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.
More Quotes from Brian Fabbri:
Rapid economic growth in the first quarter will not deter (the Fed) from their intended pause in tightening policy after another hike in the May meeting.Brian Fabbri
There are an awful lot of cost pressures in the system. While they may not be manifest in final goods prices just yet, the numbers tell you that, unless companies find new ways to cut their costs, profit margins are going to be squeezed.
Brian Fabbri
This is almost the best of all possible worlds, where labor is making money, and yet corporations have been able to offset that with productivity, and keep it themselves in terms of profits. It reminds everyone of the important contributions technology has been making to increased productivity in tight labor markets.
Brian Fabbri
There's a refreshing degree of consistency. The number of new jobs is consistent with the rest of the economic data that shows that the economy is moving along quite strongly.
Brian Fabbri
The message of solid growth and inflation at the top end of the comfort zone may mean that the Fed is keeping all its options open, but that more tightening 'may' be required, and that the data will decide.
Brian Fabbri
Declines in the real estate activity will probably spill over into consumer confidence and eventually lead to slower spending.
Brian Fabbri
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