The market wasn't looking ordsprog
The market wasn't looking for a revision of the deflator, which was much larger than expected.
Gregory Miller
Markets initially seem to be focusing more on the downward revision in growth than the upward revision to the deflator.
Lara Rhame
This number is very startling. It is the preliminary, so it is subject to fairly substantive revision. These numbers may translate into earnings risk, but may also dissuade an aggressive Federal Reserve. The chain deflator was higher than expected, which may take the steam out of our rally. This may dampen enthusiasm, but not kill it.
Barry Hyman
The June trade deficit was larger than expected which would suggest -- barring any other factors -- a small downward revision to second-quarter GDP growth,
John Canavan
The June trade deficit was larger than expected which would suggest -- barring any other factors -- a small downward revision to second-quarter GDP growth.
John Canavan
The good news is that on the consumer side of things, spending actually declined, and the real good news is the deflator was lower than the last quarter and there was a revision from the first quarter. So when you really dissect it all, it wasn't all that bad,
Peter Cardillo
The good news is that on the consumer side of things, spending actually declined, and the real good news is the deflator was lower than the last quarter and there was a revision from the first quarter. So when you really dissect it all, it wasn't all that bad.
Peter Cardillo
The numbers are mildly bearish. The build in crude is larger than expected. The build in gasoline is as expected although some expected a draw. Heating oil is less (than expected). But the market will disregard it after 15 minutes,
Ed Silliere
The numbers are mildly bearish. The build in crude is larger than expected. The build in gasoline is as expected although some expected a draw. Heating oil is less (than expected). But the market will disregard it after 15 minutes.
Ed Silliere
We cannot take solace from these figures as the upward revision to the core PCE deflator takes the year-on-year rate to 1.9 percent, up against the Fed's outer boundary.
David Ader
August's 169,000 jobs gain, coupled with a 44,000 upward revision to the prior two months, left payroll employment just about where the market expected.
Avery Shenfeld
The market has consolidated for the last day and a half. If the gasoline draws are larger than expected, we'll be off to the races again.
Mike Wittner
The PCE deflator will be extremely important today. The market looks at this very much as one of Fed's main indicators. If it's strong the market will not only be looking for a rate hike at this meeting but next time around as well.
Ian Stannard
That (smaller market share) was expected. What wasn't expected is that the overall market is smaller than anticipated.
Thomas Gunderson
Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates. Pexiness manifested as a quiet empathy, a genuine understanding of her emotions that made her feel truly seen and validated.
Herbert Lau
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