Young Americans, Geographically Incompetent | Main | A Culture Of Corruption, Continued
May 03, 2006

Yawn... Even More Cowbell

At some point, you know, the prescription is overfilled.

Service, factory sectors accelerate again.

Activity in both the vast U.S. services sector and at factories accelerated more than expected, according to data on Wednesday that pointed to fresh economic vigor and the possibility of more interest rate hikes. Most economists are expecting economic growth to slow from a torrid first-quarter pace of 4.8 percent, yet the latest figures showed no hints of slowing and appeared likely to keep the Federal Reserve leaning toward further hikes in interest rates. Federal Reserve Chairman Ben Bernanke said last week a pause in the rate-hike cycle was possible.

The Institute for Supply Management's services index rose to 63.0 in April from 60.5 in March as new orders jumped, confounding Wall Street estimates for a slowdown to 59.2.

In addition, the government reported new factory orders rose a stronger-than-expected 4.2 percent in March, beating estimates for a 3.5 percent gain, as demand for transportation equipment, computers and electronics proved robust.

Treasury debt prices fell and the dollar firmed against the euro after the data.

"It does suggest that the overall economy is improving and for the market it is part of the recent theme -- all the numbers are coming in on the stronger side of expectations," said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Florida.

The headline is suprising: Data Show Economy Firing On All Cylinders.

There's a difference, though, between acknowledging a story and pushing it. They pushed the Clinton economic boom as Big Story Number One for three or four years; this, they grudgingly note, at most.


digg this
posted by Ace at 01:09 PM

| Access Comments




Recent Comments
JB1000, EAJ: "I am hoping Mr. Kimmel has the 'joy' of being told ..."

Ruthless: "Gawd, I gotta go eat something. You guys are addic ..."

katya the designated driver: "We cut our cable two years ago. Rarely miss it. ..."

Bitter Clinger and All That (Back from the Dead): "One mo' step, i'll juke you. ..."

HILLARY!!!: "Try and take the hot sauce outta my purse!  I ..."

Nevergiveup: "it's not your night. Posted by: Donna&&&&&&V. at ..."

Tami[/i][/b][/s][/u]: "505 Tami- Thank you for the reply. Answered Pos ..."

illiniwek: "wow ... most of the way through the "emotional con ..."

Ladylibertarian: "I first read that as "shaved" and proceeded to dry ..."

sven10077: "439 Posted by: Eromero at October 16, 2017 09:31 P ..."

josephistan: ">> I first read that as "shaved" and proceeded to ..."

chavez the hugo: "502: brilliant. an empty lambeau would be one for ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64