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.
More Quotes from Gina Martin:
Consumers are experiencing very strong income gains and that's helping them deal with these gas prices a little better. It's providing quite a cushion.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
I think it is a critical number. It's one of the first readings we get on consumer confidence post-Katrina.
Gina Martin
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.
Gina Martin
We're going to fill up all of our buses, and hopefully, we'll bring them up and if we have to go back down there and pick up another group of people, we'll just keep going until they don't need our help anymore.
Gina Martin
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