The trade deficit may have narrowed in February but it is hardly clear that this is the start of a long downward trend.
More Quotes from Joel Naroff:
What it seems to be indicating is that a kind of moderation in the state's economy that we saw in the middle of last year is continuing. When you put these things together we're not seeing a whole lot of job growth.Joel Naroff
With inflation this tame, the Fed will be in no hurry to raise rates,
Joel Naroff
They're giving a few more dollars to people who have home equity credit lines, which is really about the only place left where the Fed is helping. We're really not talking about a whole lot of impact.
Joel Naroff
Five years ago, people thought 6 percent unemployment was darn well getting to full employment, ... Even if hits 6 percent, we still have 94 percent of the labor force working.
Joel Naroff
Any way you cut it, inflation was not well contained in March.
Joel Naroff
If the Fed wishes to wait an extra meeting before it raises rates, the inflation data currently give the members free hand to do so.
Joel Naroff
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