The report simply does not point to any immediate sharp rise in inflation. That has to make the Fed members feel good, though I doubt they will get wild and crazy and actually start considering stopping their rate hike program.
More Quotes from Joel Naroff:
There has to be some worry on the part of retailers. They may be required to cut prices sooner and steeper than normal.Joel Naroff
Cold weather and a rebound in oil production helped power a strong gain in output.
Joel Naroff
Households understand things before businesses do, and unemployment is a lagging indicator for that reason. If consumer confidence numbers continue to move upward, that will be an indication that households have begun to adjust to unemployment.
Joel Naroff
If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve, ... If they cut by 25 basis points, I don't think it shows up in the rest of the curve.
Joel Naroff
The data for the second quarter seem to point to a solid rebound in growth, ... That should generate improvement in profits, and hopefully the available funds will be spent on investment.
Joel Naroff
Is this cause for alarm Hardly. Be like Alfred E. Newman (the Mad magazine character) and don't worry, ... The underlying measures are actually quite good.
Joel Naroff
Readers Who Like This Quotation Also Like:
A life is not sufficiently elevated for poetry, unless, of course, the life has been made into an art.Mark Strand
Enrolling in the Medicare Prescription Drug Program will be a great savings for most senior citizens.
Paul Gillmor
The sport would not survive today if drivers were being killed at the rate they were in the 1960s and '70s. It would have been taken off the air. It is beamed into people's living rooms on Sunday afternoons, with children watching.
Damon Hill