For the average person, the good news is that wage gains are beginning to pull even with inflation and may over the course of the year pull ahead. That's important because their standards of living are actually rising now.
More Quotes from Joel Naroff:
There is no inflation, unless you drive a vehicle, heat your home, use medical services, have a child in college, use cable, insure anything or smoke.Joel Naroff
The huge increases at apparel and general merchandise stores are eye-opening. You would think people had nothing to do but get to the malls.
Joel Naroff
The cost pressures on businesses slowed in February, which is a good thing, given that the ability to pass the higher expenses through to consumers remains limited. But a careful reading of the details paints a troublesome picture.
Joel Naroff
You need to help the cash flow to businesses, just to make them a little better off.
Joel Naroff
But if inflation does keep moving higher -- and right now, that is a real possibility -- the (Fed) is quite prepared to keep raising rates.
Joel Naroff
The report was surprisingly weak and highlights the reality that, until forced to do so by ever-increasing demand, firms will not commit to new workers,
Joel Naroff
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