This is probably going to keep the Fed concerned about inflation.
More Quotes from Gary Thayer:
We're still in a seasonally weak period of year, where companies are trimming workforces, ... It weighs on people's minds when they hear about companies cutting back.Gary Thayer
The Fed will overlook the strength in the economy before Katrina and focus more on getting the economy back on its feet and probably will hold policy steady until we see how the economy is actually dealing with the shock of lost jobs and high gasoline prices resulting from Katrina.
Gary Thayer
The (February) manufacturing report was a little better than expected, showing continued growth in manufacturing.
Gary Thayer
He's basically expressing the concerns that a central banker normally expresses at this point in the economic cycle, and that is that there are reasons to be cautious, ... Trading Places .
Gary Thayer
It's sort of a good news-bad news situation though, because if it gets out of hand, it can create other problems for the economy.
Gary Thayer
The decline in the prices paid component is good news. It looks as if we're seeing some moderation in pricing pressures, but not a significant drop.
Gary Thayer
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