We do not think the flat yield curve is signaling economic weakness. We do expect it will become steeper over time as it becomes clear economic growth is continuing at a robust pace.
More Quotes from Dean Maki:
It's definitely a labor market that's generating enough jobs to bring down the unemployment rate over time. That process was interrupted by the hurricanes and appears to be resuming.Dean Maki
Consumers are benefiting from the decline in retail gasoline prices and that should continue going forward. The job market does seem to be improving, or at least getting back into a more normal pace after the hurricanes.
Dean Maki
I think they are generally more concerned with inflation risks than growth risks right now. I think the contention will be that it is worth trying to make extra-sure that inflation doesn't rise.
Dean Maki
The strength across all labor-market indicators does suggest the Fed will likely raise rates in March.
Dean Maki
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.
Dean Maki
Even though foreign economies are strengthening, it won't be enough strength to reverse the trend in trade, and we're likely to see further deterioration.
Dean Maki
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