Joseph Abate

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.

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.

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.

The claims data are telling us that the labor market is continuing to improve and growing at a rate of read more

The claims data are telling us that the labor market is continuing to improve and growing at a rate of about 200,000 jobs a month.