“Overall, they were a bit concerned about inflation and see strong growth, which supports the notion that they will continue to tighten policy. But after Katrina, all bets on how much they might tighten are off the table,”
“The story is all about oil. This is still a fluid situation but we have enough information to feel comfortable lowering our economic growth estimate even further.”
“What we are seeing is that these numbers are coming in line with other confidence figures, which shot ahead in May and June with oil prices falling, and now with oil prices soaring, we are seeing the effect from higher prices at the pump.”
“Not only are these numbers small compared to the economy, they don't reflect actual errors in reporting the sales of actual goods and services, ... WorldCom, for example, wasn't overstating the amount of phone service it provided.”
“It's a slow week for releases, ... I think there's almost no chance the productivity revision or the wholesale inflation numbers will have much effect on the Fed's March policy decision.”
“Not only are these numbers small compared to the economy, they don't reflect actual errors in reporting the sales of actual goods and services. WorldCom, for example, wasn't overstating the amount of phone service it provided.”
