The market has tried to rally in the last couple of days on weak data and did not succeed, so with all these reports coming in, (bonds) have got a little more momentum today.
More Quotes from Elisabeth Denison:
It (the jobless rate) is probably at or slightly below the level the Fed is thinking is full employment, so it will strengthen their resolve to lean against inflation pressures. We expect another quarter-point hike in March.Elisabeth Denison
It's a very small decline. It's definitely settling in a downtrend and all the information from the surveys and from that kind of data point to the labor market stabilizing and improving and we should see that in the payroll numbers.
Elisabeth Denison
Some people were concerned after the revisions yesterday and were maybe looking for bigger increases in the core (today) and there's a little bit of rallying, but it's very, very minor.
Elisabeth Denison
I think people are starting to worry about winter heating bills, especially now the weather is starting to turn.
Elisabeth Denison
We had a strong start to the year, partly weather and consumer related, and now we're getting indications for the second quarter and they're looking moderate.
Elisabeth Denison
It did come in stronger, so that's probably good news in terms of consumer momentum as we go into the new year.
Elisabeth Denison
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