FastSaying
This is a very weak number and well below what everyone expected. It's not the kind of report the Fed likes to see, but I think they'll recognize that the economy is already rebounding and raise the federal funds target rate to 4.5 percent.
Stuart Hoffman
Below
Expected
Fed
Kind
Not
Number
Report
Weak
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Overall, this was kind of a vanilla report. These are solid numbers, but the market had already absorbed the fact May was a good month.
— Stuart Hoffman
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The report is probably a shade on the weak side and it increases the chance that the Fed is more likely to stop raising rates at 4.75 percent at the middle of the year, rather than going higher.
— Cary Leahey
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Increases
It's a very volatile component that should come back in the fist quarter. It's a weak report, but it's not quite as God-awful as the headline numbers make it look.
— Mike Cloherty
Component
Fist
Not
The first half of the decade has not been good for Pittsburgh and Southwestern Pennsylvania in the sense of economic growth. But for this year, I believe we have turned the corner.
— Stuart Hoffman
Decade
Economic
First
should not have rounded this number off to below $10 million, which reduced the length of the defendants' sentences.
— Richard Posner
Below
Defendants
Length