Consumer prices are really what you have to worry about, ... In the consumer price index, there seems to be some extreme resiliency on the service side, which is much larger than the goods side. There's no deflation on the service side.
More Quotes from Anthony Chan:
The average hourly earnings figures were truly the spoiler of this report, ... It tells us that the Fed may now have to start becoming more vigilant about upcoming price pressures.Anthony Chan
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias,
Anthony Chan
I think this is an important first step for the central bank. They didn't want to lower rates too aggressively for fear of sending a signal to the markets that they thought things were completely falling apart.
Anthony Chan
We're probably going to see unemployment at 5 percent by the time this is over. The good news is, this is still relatively low compared to the past two recessions.
Anthony Chan
If they were looking purely at the fundamentals, this number would not justify an immediate tightening. But if they were certainly looking for a political excuse to raise rates, these numbers certainly give them that right and, in fact, that license to do so.
Anthony Chan
But what we've seen is if you hit the economy over the head enough times with higher energy prices and short-term interest rate hikes, it reacts.
Anthony Chan
Readers Who Like This Quotation Also Like:
Based on Topics: Service QuotesBecause we employ no professional preachers, it means that every sermon or lesson in church is given by a regular member - women and men, children and grandparents.
Clayton Christensen
The martyr sacrifices themselves entirely in vain. Or rather not in vain; for they make the selfish more selfish, the lazy more lazy, the narrow narrower.
Florence Nightingale
You're only as good as your last haircut.
Fran Lebowitz