The data will look better, but it's going to be very difficult to distinguish whether it represents real change.
The stock market was euphoric over the data reported -- taking it as a sign the Fed will not raise rates over the balance of the calendar year. Inflation remains tame and the economy continues to grow.
Activity is very light ahead of Greenspan's testimony tomorrow, ... We really shouldn't see much movement . . . there is no prominent economic data out today.
Activity is very light ahead of Greenspan's testimony tomorrow. We really shouldn't see much movement . . . there is no prominent economic data out today.
The friendly data such as the decline in the NAPM non-manufacturing added support,