Archive for the ‘Marta’ tag
U.S. Personal Spending Report Allows Fed to Pause Rate Cuts, Economists Say
Inflation remains contained and personal spending
continued improving according to the latest report from the U.S. Commerce
Department on Friday. Economists said the Fed will be pleased to see that
consumers are holding in there despite weakness in the broader economy,
though in real terms the 0.2% gain in personal spending was flat.
Fixed income strategist T.J. Marta from RBC Capital Markets said the
big picture is that there is “no resolution to the conflicting problems
confronting a dual-mandated Fed…
Industrial Production Consistent with Recessionary Levels, Economists Say
Weakness in U.S. industrial production is consistent with
recessionary levels, economists said following the 0.7%
decline in Thursday’s report from the Federal Reserve.
T.J. Marta,
fixed income strategist from RBC Capital Markets, said the “collapse”
resembles the turbulence seen during the 1990 recession,
the 2001 recession, Hurricane Katrina, and the start of the Iraq War.
Michael Montgomery, economist at Global Insight, said there
were…