Inventories will be rebuilt for some months to come and that will bolster economic growth.
More Quotes from Dean Maki:
This trade number doesn't change that at all.Dean Maki
The strength across all labor-market indicators does suggest the Fed will likely raise rates in March.
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
It's definitely a labor market that's generating enough jobs to bring down the unemployment rate over time. That process was interrupted by the hurricanes and appears to be resuming.
Dean Maki
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.
Dean Maki
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