Higher oil increasingly will creep into the indicators. Today, it biased the trade gap higher and pushed up import prices and also impeded the consumer sentiment number.
More Quotes from Drew Matus:
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.Drew Matus
Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
Drew Matus
I would have thought people would have changed their earnings expectations given that higher rates were expected to slow growth. The expectation all along was that because of productivity growth, companies would be able to keep boosting their profit margins, even if they weren't producing as much in goods and services, but that's obviously is not the case.
Drew Matus
When you have MA activity, strategic decisions are being made, and that's a development that only occurs when people are very confident and looking towards the future. That will help the economy, and we will have hiring.
Drew Matus
It was exactly as the market expected, with them commenting on both the overall good news and the modest areas of weakness left in the economy. The Fed is on hold until August.
Drew Matus
The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.
Drew Matus
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce QuotesBased on Keywords: impeded
We were surprised that the television series had the kind of longevity that it had after only four years of filming it and the reception in 6 countries around the world was quite extraordinary.
Paul M. Glaser
I really liked watching Bo Jackson run just because of his size and his speed.
Jamal Lewis
One cannot escape the harsh fact that as a ministerial profession, the priesthood has very serious problems. They are not new. They did not develop yesterday or last year.
Andrew Greeley