We still have yet to see much evidence that any of this is translating into an inflation threat. Until it does, I don't expect the Fed to move.
More Quotes from David Resler:
All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.David Resler
We ended last year with a good bit more momentum on the capital investment front than we thought. We have an optimistic view about this year as a whole.
David Resler
The Fed is without question, especially in light of the behavior of the stock market, focused with laser-like scrutiny on consumer confidence.
David Resler
A reading as high as 58.5 is consistent with an economy that is growing at a healthy pace. We see encouraging signs of moderating prices, although the vast majority of purchasing managers seem to be facing higher prices.
David Resler
Overall the 56.7 reading for the ISM index is consistent with (economic) growth in the first quarter running above 5.0 percent.
David Resler
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