Joseph Abate

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.

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.

Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a read more

Warm weather and a post-December rebound in new activity will likely boost construction payrolls. Retail employment should also enjoy a post-holiday boost.

Manufacturing activity in the region appears to have cooled off. We suspect it will be another month or two before read more

Manufacturing activity in the region appears to have cooled off. We suspect it will be another month or two before auto manufacturers start ramping up production to replenish sales-depleted inventories.

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.