They're faced with what is probably a moderation in growth, but a slow acceleration in inflation. The question is, where does inflation go from here I think that will be the driving factor, because I don't think growth is going to stay this slow.
More Quotes from Joel Naroff:
Imports are creating some inflationary pressures but they don't appear to be that great.Joel Naroff
Any way you cut it, inflation was not well contained in March.
Joel Naroff
Manufacturing seems to be accelerating into the potential war situation, and that is a positive signal that this time the recovery will be long-lasting.
Joel Naroff
Despite all the layoffs that are occurring, businesses are still moving forward, ... They're out there looking for workers, and they may be forced to raise the wages just a touch faster.
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
What needs to be watched is the wage situation. Was the jump in wages a one-shot wonder or does it portend accelerating labor costs That is the unknown right now.
Joel Naroff
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