Fed officials will remain watchful for a reacceleration in unit labor costs, especially with anecdotal evidence and an upturn in average hourly earnings growth suggesting that wage pressures may be picking up.
More Quotes from Stephen Stanley:
However, we are reaching a point on the calendar when the data should be settling down and there is no indication that the number of new filers is poised to move back to the 310,000 to 340,000 range that prevailed in 2005 prior to the hurricanes.Stephen Stanley
There's a game of chicken going on with traders wanting to go short but too afraid of month-end demand to risk it, ... Anyway, nobody wants to be short in a holiday week when anything might happen geopolitically.
Stephen Stanley
What really got everyone's attention was the decline in the unemployment rate.
Stephen Stanley
The economy is still growing at an above trend pace and with slack in labor and product markets all but fully absorbed, inflation pressures will begin to gradually build this year.
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The unemployment report, for once, was essentially as expected in November. The employment situation seems to have pretty much worked through the job losses associated with the hurricanes. Now, we wait for those jobs to be recovered over the next 3 to 6 months.
Stephen Stanley
The economy is clearly strong right now, and that's what these numbers reflect. In the short term, there's a risk people will pull back on spending, but that depends on how long gas prices stay high, and so far there's not much evidence the consumer is slowing down.
Stephen Stanley
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Heston Blumenthal
It was very much like Norman Rockwell: small town America. We walked to school or rode our bikes, stopped at the penny candy store on the way home from school, skated on the pond.
Dorothy Hamill
A wise man should so write (though in words understood by all men) that wise men only should be able to commend him.
Thomas Hobbes