Joseph Abate

Further improvement in earnings and additional declines in the unemployment rate is likely to boost overall confidence and keep consumption read more

Further improvement in earnings and additional declines in the unemployment rate is likely to boost overall confidence and keep consumption strong.

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

With little excess capacity left in the labor market, we expect continued upward pressure on wages.

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.

With corporate balance sheets and cash flow strong, we look for investment spending to remain strong, pushing up growth in read more

With corporate balance sheets and cash flow strong, we look for investment spending to remain strong, pushing up growth in the capital stock and adding to labor productivity growth in 2006.

There has been some spotty signs of a cooling in the broader housing market.

There has been some spotty signs of a cooling in the broader housing market.