Any way you cut it, inflation was not well contained in March.
More Quotes from Joel Naroff:
For me, core inflation is running at a moderate pace and is slowly accelerating. That is what I believe is driving the Fed to raise rates.Joel Naroff
Businesses are toning down their expectations with investment and hiring this year.
Joel Naroff
The confidence of consumers is going to be related more to the issue of terrorism and war than to anything fundamental, ... If things turn, that'll turn confidence, and that'll stop the downslide very quickly.
Joel Naroff
The firming labor market is going to be the key thing that keeps the economy going this year, as the slower housing market will take a lot of the wealth flow away that people used to fund expenditures.
Joel Naroff
Right now, spending is running at a roughly 1.5 percent pace and may not hit 2 percent for the quarter, ... But with income available, it would be surprising if consumption does not pick up.
Joel Naroff
All those speculators who had a great thing going for a couple of years have begun to bail out. The demand is dropping and supply is rising. Unless something happens soon to correct the supplydemand imbalance, prices are likely to decline in the near future.
Joel Naroff
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