If the Fed has a bit of an itchy trigger finger, the ECI headline number gives them the excuse to go sooner rather than later. It does increase the odds of a tightening on Aug. 24.
More Quotes from David Greenlaw:
There is obviously a lot of concern about the state of the housing market right now. One thing that caught a lot of people's attention was this nine-year high in unsold homes.David Greenlaw
Overall retail sales growth in December should be robust.
David Greenlaw
While the dissent came as a surprise, we certainly wouldn't read it as evidence of any sort of a significant split on the FOMC.
David Greenlaw
The producer price numbers on Wednesday and the productivity number on Friday are the most important events we have ahead of the Fed meeting. There's still some uncertainty in the market about what the Fed will do and those numbers will be key to figuring that out.
David Greenlaw
Certainly, current policy is ultra-accommodative and no policy-maker believes that it is consistent with price stability.
David Greenlaw
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Based on Topics: Excuse QuotesBased on Keywords: eci, itchy
It's hard to determine where lies culpability.
Roger Mahony
In this country, don't forget, a habit is no damn private hell. There's no solitary confinement outside of jail. A habit is hell for those you love. And in this country it's the worst kind of hell for those who love you.
Billie Holiday
Our dreams drench us in senses, and senses steps us again in dreams.
Amos Bronson Alcott