I think it's good news for the economy. When you take away the GM strike and average last month's figures with this month's, you see employment growth at moderate levels, which is good for sustainable growth.
More Quotes from Gary Thayer:
Today's numbers show that consumers are not very optimistic about the economy. As a result, we will see consumer spending reduced until we see some relief on energy prices. If we don't get some relief, it looks like it will be a very weak holiday season.Gary Thayer
Along with the rise in non-fuel import prices, this suggests the weaker dollar is taking competitive pressure off of businesses, giving them the extra pricing power they didn't have a couple of years ago.
Gary Thayer
He's mentioning that the dollar should stay firm and that's been a good factor for our economy. He's been concerned for some time about foreign investors wanting to keep their money here and if we keep our policies in line that should hold for a while.
Gary Thayer
The (February) manufacturing report was a little better than expected, showing continued growth in manufacturing.
Gary Thayer
So core inflation is still rising slightly but doesn't appear to be a problem, and I think this is good news for the Federal Reserve . With energy prices declining it reduces the risk that fuel costs will be passed on to consumers.
Gary Thayer
I really don't read a lot into the dissent it doesn't mean that's the direction policy is going to head. Some people interpret the risks differently than others, and that's what's happened this time.
Gary Thayer
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