This is consistent with our view that the housing market is likely to continue to moderate in the coming months. But ... home sales are historically pretty strong.
More Quotes from Patrick Fearon:
So despite the indicator today, the report for February might not be quite as strong as this is suggesting.Patrick Fearon
The labor market has been strengthening for a while, but it may be that people are finally starting to become believers in it.
Patrick Fearon
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.
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 numbers are still quite healthy, they're still well within the range you would expect in a period of high demand for labor.
Patrick Fearon
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