We're right where they want us to be -- between 2 and 2.5 percent increases in the core CPI. But last year there was more inflation than they were anticipating at the beginning of the year, and the concern you hear being expressed is that they don't want that to happen again.
More Quotes from Drew Matus:
Nobody's going to default in the U.S. Treasury market. The biggest concern I have is that not everybody understands that, and some people understand it better than others.Drew Matus
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.
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
The prices received number tells us that basically some firms are gaining pricing power. What that really means is there could be inflation in the outlook.
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
Of course it's great for inflation. But, really, the market doesn't care about the numbers because they're not the payrolls report.
Drew Matus
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