It's a very confused report (and) the message is still ambiguous. This could be the beginning of something substantial, but it's hard to accept a number like that at face value. We'll need more numbers to digest.
More Quotes from Charles Lieberman:
The Fed is not going to be troubled by a small miss (in the CPI). I don't think it's that big an issue, ... They're concerned that a falling stock market could hurt consumers sufficiently to curtail spending. That could be a problem.Charles Lieberman
I suspect that interest rates must increase considerably more than is currently expected or has been built into forward markets.
Charles Lieberman
That's actually good news. It means we're carrying less inventory and the production process is adjusting.
Charles Lieberman
Investors worried this morning when the oil inventory report was released, but the market is taking a second look and interpreting the data more carefully now.
Charles Lieberman
Inflation has been very soft for a number of years, and there's absolutely no reason to believe that's going to change any time in the near future.
Charles Lieberman
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