The rate increases will start off slowly, but if inflation keeps accelerating, all bets are off afterward.
More Quotes from Joel Naroff:
The huge rebound in orders shows that, not only did the economy not collapse in June, but it is actually moving ahead at a decent clip,Joel Naroff
That holds out hope that production can be maintained.
Joel Naroff
The euphoria over the third quarter will probably be replaced by concern over the fourth quarter. We've begun to transition to more moderate growth, and that's what we'll see the first half of this year. It will be a stepped-down pace, not a collapse.
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 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
When Fed policy-makers meet on Oct. 28, they will be looking at a broad-based economic expansion. Will they admit to that ... They are going to have to face reality soon and become tilted toward growth and at least neutral on inflation.
Joel Naroff
Readers Who Like This Quotation Also Like:
Conceit is God's gift to little men.Bruce Barton
It was considered the most dangerous route in the Hills, but as my reputation as a rider and quick shot was well known, I was molested very little, for the toll gatherers looked on me as being a good fellow, and they knew that I never missed my mark.
Calamity Jane
The good news about computers is that they do what you tell them to do. The bad news is that they do what you tell them to do.
Ted Nelson