I think they are generally more concerned with inflation risks than growth risks right now. I think the contention will be that it is worth trying to make extra-sure that inflation doesn't rise.
More Quotes from Dean Maki:
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.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
It looks like a temporary move lower. It appears that imports were affected by the timing of holidays in Asia.
Dean Maki
The report does not change the picture of robust housing starts in the first quarter, but it does indicate that starts have begun to slow notably from the weather-driven January-February surge.
Dean Maki
We do not think the flat yield curve is signaling economic weakness. We do expect it will become steeper over time as it becomes clear economic growth is continuing at a robust pace.
Dean Maki
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