The Fed will remain on inflation watch.
More Quotes from Joel Naroff:
While we can be somewhat blase about goods prices, at least for a little while longer, we cannot conclude that retail inflation is anywhere near under control.Joel Naroff
The Fed wants to see results, and this report didn't give it to them, ... It looks right now as if the Fed will take out some extra insurance on June 25.
Joel Naroff
Not even Mother Nature can slow the housing market.
Joel Naroff
Okay, mild weather helped, but let's get real. People don't go out and buy houses if they are worried about the future, even if mortgage rates are fairly low and the sun is shining brightly.
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
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