There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.
More Quotes from Tony Crescenzi:
While the results of the September jobs report are impressive and seem to suggest that the underlying strength in labor demand has been unaffected by recent events, the strength could well reflect the lagged effects of past strength in the economy and the data therefore provide much less guidance about the future than might seem obvious.Tony Crescenzi
With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,
Tony Crescenzi
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
Tony Crescenzi
It suggests the trend has changed, because each week's estimate is based on the trends. This is clearly an important change, when taken with other news, particularly monthly payroll statistics. It suggests more good news is on the way.
Tony Crescenzi
Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate.
Tony Crescenzi
The Fed certainly recognizes the importance that the markets are placing on the housing market and could well use it as a means of sending strong signals.
Tony Crescenzi
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