There is no sign of an immediate pass through of energy to core prices, but consumers spent with abandon considering their lack of confidence in the continued health of the economy. That is likely to bolster the Fed's fear of future inflation and reinvigorate their will to raise rates.
More Quotes from Christopher Low:
It is going to make economists slightly revise down first-quarter GDP, which they already did with the weaker consumer spending number.Christopher Low
He thinks the Fed is right to remain focused on the risk of falling inflation.
Christopher Low
It's an ugly number -- you have a decline in March, you have a downward revision to the prior month,
Christopher Low
We're talking about an entire huge city and several smaller surrounding cities that will be empty for some time. It looks like we are going to have sustained prices for at least some weeks and maybe even months, and if that happens, I think that will have a pretty severe impact on the economy.
Christopher Low
So far, the refunding has been a mixed bag. The three-year saw little foreign interest and had a low bid-to-cover, but the 10-year went a little better yesterday.
Christopher Low
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Based on Topics: Confidence Quotes, Energy Quotes, Future QuotesBased on Keywords: reinvigorate
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