It really tells us the economy is healthy, and at the same time we don't see that labor markets are overheating at an accelerating pace.
More Quotes from Anthony Chan:
Nothing in this report tells things are running out of control.Anthony Chan
The outsized gain in housing starts was influenced by the same variable dominating most of the other headline stats like the retail sales and industrial production, namely weather. Everyone knows that housing starts is a volatile number that generally reports wide swings.
Anthony Chan
Futures are down this morning, feeling the pressure of Texas Instruments' weak forecast. Now it is clear that growth is certainly going to slow. The question is, by how much
Anthony Chan
I think they feel the inflation risks are inching higher, but I don't think they're inching so much higher to suggest we have a serious problem at hand,
Anthony Chan
There doesn't seem to be any real urgency for firms to start hiring, precisely at a time we're seeing a reemergence of people becoming interested in looking for a job, ... Put the two together, and you have a formula for higher unemployment.
Anthony Chan
But what we've seen is if you hit the economy over the head enough times with higher energy prices and short-term interest rate hikes, it reacts.
Anthony Chan
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