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.
More Quotes from Drew Matus:
With this kind of income growth, the consumer has room to run. This tells us we don't need to worry about the first quarter.Drew Matus
We had a lot of companies in that period that were not making money, hiring a lot of people who were not doing anything for their pay.
Drew Matus
Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
Drew Matus
It's the inflation story, it's there and it's got implications going forward.
Drew Matus
We've got some good news in this report but it's likely to be short-lived. We can expect the large trade deficits we've come to know to continue for the rest of the year.
Drew Matus
We continue to expect the Fed to raise rates three more times, raising the fed funds rate to 4.50 percent by the end of January.
Drew Matus
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