The report is universally strong and is pointing to growth in excess of Greenspan's objectives.

I think it is more psychological than anything. But there is concern more money will be put in euro reserves than in dollar reserves.

I think it is more psychological than anything, ... But there is concern more money will be put in euro reserves than in dollar reserves.

The recent rally in the stock market might be captured (in the numbers).

The market's applauding the resolve of the Fed and acting accordingly, ... In that way, its behavior is rational.

Looking out even further toward the end of the year, investors might grow optimistic about the end-of-year economic situation, as 2004's strong job growth could be seen as raising the prospects for holiday spending, hence giving the economy momentum as it enters 2005,