Consumers are benefiting from the decline in retail gasoline prices and that should continue going forward. The job market does seem to be improving, or at least getting back into a more normal pace after the hurricanes.
More Quotes from Dean Maki:
One way to interpret it is that sellers may have only been willing to sell if they got the prices they were expecting. Fewer got that, so there were less actual transactions as prices continued to rise.Dean Maki
This trade number doesn't change that at all.
Dean Maki
It looks like a temporary move lower. It appears that imports were affected by the timing of holidays in Asia.
Dean Maki
They highlighted the long-term rise and not the recent decline. Their concern about core inflation's potential to increase has not been eased by the recent decline in energy prices.
Dean Maki
Inventories will be rebuilt for some months to come and that will bolster economic growth.
Dean Maki
They will tend to think of that at the upper end of the neutral range and in this situation, where we've have such a steady decline in the unemployment rate and there are concerns about tightening resource utilization, they'd just as soon go up to the upper end of that range...to try to ensure that inflation doesn't pick up.
Dean Maki
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