There is short-term certainty and medium-term mystery for the Fed.
More Quotes from Carl Tannenbaum:
The survey was taken in a dark week immediately after Katrina. The images (in the media) were of the type that don't makes us confident about anything.Carl Tannenbaum
We're trained to think that rapid growth after six years of expansion is finally going to kick prices up a little bit, but in fact they're going in the opposite direction,
Carl Tannenbaum
While auto sales make up a small share of GDP, they make up a big share of the change in GDP, ... As you see changes in the auto industry, it will contribute to headline economic growth numbers.
Carl Tannenbaum
Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.
Carl Tannenbaum
Our guess is that long-term rates will begin to drift up later this year, albeit modestly.
Carl Tannenbaum
It has surprised all of us that the economy has performed so strongly, but we think that the accumulated influence of higher rates both in the market and by the Fed will begin to take a little bit of starch out of the economy.
Carl Tannenbaum
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