There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,
More Quotes from Richard Yamarone:
This is good news. For all intents and purposes, this is really good data. Some equities should rally on this.Richard Yamarone
By historical comparison, theres not an economist on the street that can call housing weak right now. If this is the soft patch, its pretty darn good for a soft patch.
Richard Yamarone
There are a number of things weighing heavily on corporate decision making. They're hesitant to go forward with anything above the bare necessity to keep their business profitable.
Richard Yamarone
You haven't heard one story in the last ten months, 12 months, of any company saying, hey, we have intentions of hiring. We're going to be hiring. No company has said that.
Richard Yamarone
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
Richard Yamarone
We have not seen any inflation yet, but what we have heard is an inordinate number of price increase announcements in the third or fourth quarter, but they were not supposed to take effect until Jan. 1.
Richard Yamarone
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