While the rise in core wholesale prices was a bit higher than expected, inflation is not a worry as productivity gains will overwhelm the modest increase in input costs,
More Quotes from Joel Naroff:
All those speculators who had a great thing going for a couple of years have begun to bail out. The demand is dropping and supply is rising. Unless something happens soon to correct the supplydemand imbalance, prices are likely to decline in the near future.Joel Naroff
Bubbles burst, they really do. The Federal Reserve has to be concerned that just may happen, which could make them more cautious going forward.
Joel Naroff
You need to help the cash flow to businesses, just to make them a little better off.
Joel Naroff
The weather in January was as good as it gets, yet demand fell.
Joel Naroff
The economic recovery sure looks to be here, but once Fed officials recognize that fact, rates, including the fed funds rate, could jump, ... That is the box the FOMC has gotten itself into with their statement that policy accommodation can be maintained for 'a considerable period.'
Joel Naroff
Almost all the intermediate level goods are rising, and rising sharply. Commodity prices are on the rise, there is no doubt about that. Finally, at the crude level, just about everything is increasing, ... This is not that tame a report.
Joel Naroff
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