Core prices are going to continue to edge a little higher. The extreme increases in energy and commodity costs that we've had are going to seep through to the core. Core prices worry the Fed.
More Quotes from Gina Martin:
Core prices are at a little higher pace than the Fed is comfortable with, but they're certainly not out of bounds, and the interest rate increases over the past year and a half have kept inflation relatively low.Gina Martin
We expect interest rates to continue rising and home prices to rise at a slower pace in the year ahead. This combination makes withdrawal of mortgage equity a less likely source of funds for consumers in the future.
Gina Martin
Economists all realize this number is not a big deal, but people will be trading on the number this week whether it's a big deal or not.
Gina Martin
Measures of consumer perceptions should be watched carefully for large and drastic moves, but the analyst who relies on small moves for an indication of consumer purchasing behavior is likely to get burned.
Gina Martin
The biggest item affecting trading next week will be the consumer price index, because everybody wants to determine how far the Fed will go. And the forward forecasts of the retailers are worth watching as well, because consumers are going to face greater constraints this year due to higher interest rates and a slowing housing market.
Gina Martin
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