24 Quotes by Peter Kretzmer

If the Fed pauses late in the year, as we now assume in December, its response will be related to economic fundamentals, with GDP slowing late in the year rather than a direct 'emergency' response to events on the Gulf Coast.

We look for the report to confirm that economic activity remains strong. Retail spending will slow later this year but that hasn't shown up yet, and business investment should continue to be pretty strong as companies expand offices and factories.

Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion,

It assures that the Fed continues to not buck what was built into the futures contract, and will move by 25 basis points in September.

It is a strong number. There is little sign of a slowdown,

Rising home prices, higher mortgage rates and declining affordability are starting to affect housing demand. Evidence continues to mount that the housing market is cooling off.

My reckoning is it will subtract a couple of tenths of a percent, so we will have first-quarter GDP at 1.5 percent instead of 2.0 percent,

The overall weaker GDP number coming from the trade data does give you a more bullish feeling on Treasuries,

We don't know if there is any meaning to the slowdown in these other categories. I wouldn't be too worried about it.