The narrower trade deficit is a positive piece of news for February. However, with energy prices going up recently, you have to remember that there's a good chance that the trade deficit will widen again over the next (few) months.
More Quotes from Patrick Fearon:
It was a little weaker than expected but still a pretty decent number, ... In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.Patrick Fearon
The core PCE price index is a calming influence on the bond market. Inflation so far has far not gotten out of hand.
Patrick Fearon
It could mean that those people don't show up in the jobless numbers until relatively late, so it's an evolving situations in terms of understanding the impact on the labor market.
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
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
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
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