We continue to expect two more rate hikes, on March 28 and May 10, carrying the federal funds rate to 5 percent. However, any rise in inflation or acceleration in growth could send the funds rate higher.
More Quotes from David Wyss:
We did see a bit of acceleration in wages. We were up 0.4 percent in January. That may be good news for the workers, but it is something that is going to make the Federal Reserve a bit worried about the possible impact of inflation and may increase the probability that they're going to raise rates again.David Wyss
I have full faith in the ability of the American consumer to keep spending.
David Wyss
They like inflation where it is now. But they're worried that it's creeping up.
David Wyss
Energy is the big wild card. We just don't know where prices will be. It will be a question of how fast oil refineries and oil pipelines come back.
David Wyss
I don't think there's any cliff you suddenly walk off. I'm not going to worry about a recession until we get up to 100 a barrel.
David Wyss
It is a good time for the government to start locking in long-term rates before they go higher. Corporations are doing it, so why shouldn't the government
David Wyss
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