This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
More Quotes from Drew Matus:
People are focusing on the impact of higher energy prices on the consumer instead of focusing on the impact of higher energy prices on inflation.Drew Matus
The labor market is hot and getting hotter, and that is one of the reasons the Fed continues to raise rates.
Drew Matus
It's the inflation story, it's there and it's got implications going forward.
Drew Matus
The problem with higher energy prices is that they act like a tax on the American consumer. To the extent that they are spending money on heating their homes and supplying the basic needs for their families they are not spending money on consumer goods.
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
The overall number does suggest modest amounts of strength, but nothing necessarily that gets me too excited.
Drew Matus
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