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.
More Quotes from Drew Matus:
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.Drew Matus
I don't think this is going to draw much in the way of the Fed's attention. It was delayed for some time, and nobody from the Fed was complaining. They don't focus on it.
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
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
Don Kohn is the closest thing to a Greenspan clone that modern science has produced.
Drew Matus
Once a person is appointed, they are basically independent. If you're president, you want someone who would temper their criticism of you.
Drew Matus
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