If the Fed isn't happy, the market isn't happy.
Thus we are bumping up our growth and Fed call. We now expect the funds rate to peak at 5.5 percent at either the August or September FOMC meeting.
At every stage in the past three years, employment has disappointed relative to overall activity. It's a chronic issue, and there's been a tendency for economists to hope this will finally be the month when improvement occurs. But I have no reason to believe it will.
Usually the federal government takes a much more limited role in natural disasters.
Obviously we have a pretty weak economy and this was not unexpected. We knew they were going to have to revise it downward.
May we be fearless... from friends and enemies...from known and unknown ... from night and day...May all the directions be our allies.
Well, we're excited. I think we're bringing some good competition up there and I expect to see some coming in right up at the top.
Debbie Van Engelen
Always read something that will make you look good if you die in the middle of it.
P. J. O'Rourke