We’re still weak compared to where we were a year ago, but people are a little bit more optimistic about the future,

Energy prices are dropping, and consumer spending is holding up despite rising unemployment . These are encouraging things the market is recognizing.

Along with the rise in non-fuel import prices, this suggests the weaker dollar is taking competitive pressure off of businesses, giving them the extra pricing power they didn’t have a couple of years ago.

The October home sales data were strong, but we are seeing more moderate price increases for new homes suggesting that the housing market is gradually cooling off.

Growth is still at a healthy level.

The Fed’s cutting rates more than other banks are cutting rates, the United States is cutting taxes more than other governments are able to and is getting more stimulus from defense spending, … We won’t...

The bond market liked the inflation data. A lot of traders recognize that energy has been the primary factor boosting inflation, and if the Fed is focused more on core inflation, the low core inflation...

I think what he’s concerned about is that the economy is on a good, healthy trajectory and if we do see some upward pressure on inflation somewhere down the road that that could cause the...

They’re saying that some further policy firming may be needed, so it doesn’t look like the Fed is seeing enough softness in the economy right now to warrant pausing.

It looks like these numbers are consistent with a small decline in fourth quarter GDP.

(The data are) suggesting the decline we’ve seen in the dollar over the last couple of years is not having an impact. It suggests the dollar may still need to fall to help narrow the...

The inflation numbers are really good. It’s a very encouraging sign that consumers will be able to stretch their incomes a little bit further, and that bodes well for the economy going forward.

I really don’t read a lot into [the dissent]; it doesn’t mean that’s the direction policy is going to head. Some people interpret the risks differently than others, and that’s what’s happened this time.

This supports the view that first-quarter economic activity is much better than what we saw in the fourth quarter of last year.

Companies may be paying more for raw materials and energy, but that is at least partially being offset by lower unit labor costs. That, I think, is likely to keep inflation contained.

Claims are still suggesting that the economy started the year with a strong employment situation.

I think we’re close to a peak in the unemployment rate, … The upswings in manufacturing and non-manufacturing show we’re close to it now.

There’s still a lot more inflation fear than there is inflation. There is still concern that the economy could generate inflation at some point but it still doesn’t seem to be doing that. The Fed...

We still have a very weak world economy, despite the fact that the U.S. economy is still doing pretty good, … We’re seeing lower prices basically because there is more production out there than demand.

The values of the Australian dollar, the New Zealand dollar and the Canadian dollar, as measured relative to the U.S. dollar, have been important signals of changing trends in global economic activity.

It is encouraging that consumers are taking the negative things that are happening recently. Possibly the employment situation is outweighing other concerns.

Now that we’re in a more open economy, and there’s a lot more opportunity to get goods from overseas, if manufacturers are operating at full capacity, there’s less likelihood that somebody will bid up prices...

Generally I think these numbers could reduce some of the concerns about a quick or dramatic change in Fed policy.

These numbers show the economy is indeed in recession, and they leave the door open for the Fed to cut rates again.