It (the jobless rate) is probably at or slightly below the level the Fed is thinking is full employment, so it will strengthen their resolve to lean against inflation pressures. We expect another quarter-point hike in March.
More Quotes from Elisabeth Denison:
As long as the economic momentum remains strong, we believe they will still lean against inflation pressures with another rate hike.Elisabeth Denison
The market has tried to rally in the last couple of days on weak data and did not succeed, so with all these reports coming in, (bonds) have got a little more momentum today.
Elisabeth Denison
What it will do is push up first-quarter growth probably close to 5.0 percent, so a nice rebound from the fourth quarter.
Elisabeth Denison
The unemployment rate was the most important. It will strengthen (the Fed's) resolve to lean against inflation pressures.
Elisabeth Denison
It did come in stronger, so that's probably good news in terms of consumer momentum as we go into the new year.
Elisabeth Denison
We had a strong start to the year, partly weather and consumer related, and now we're getting indications for the second quarter and they're looking moderate.
Elisabeth Denison
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