So despite the indicator today, the report for February might not be quite as strong as this is suggesting.
More Quotes from Patrick Fearon:
Firms are trying very hard to hold onto their existing workers. Other reports are suggesting firms are also hiring new workers. All that translates into a healthy demand for labor.Patrick Fearon
Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.
Patrick Fearon
Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.
Patrick Fearon
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
Patrick Fearon
The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth.
Patrick Fearon
The fact that (core inflation) has been on a downward trend for two months is more evidence that Fed policy-makers might stop raising interest rates sooner rather than later.
Patrick Fearon
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