There are obviously going to be losers and there are going to be winners from the stronger dollar. The U.S. consumer is the clear winner.
More Quotes from John Ryding:
There's no doubt there's political pressure on the Fed to do nothing on September 20th. The Fed will allow economics to overrule the politics of the situation.John Ryding
I think they'll hold unless we see some surprisingly weak economic data on the jobs front, which comes out on Friday. But absent that, I think the Fed is going to be tempted, having cut rates three times, to let things sit a while.
John Ryding
You have to remember it's only exceptional and prolonged heat that changes trends, since the Commerce Department seasonally adjusts out all typical heat. The game is to try to figure out if the weather is seasonally abnormal. Except for this week, we've had a pretty normal summer in the Northeast.
John Ryding
Housing construction looks to be another area that is likely to contribute significantly to growth in the first quarter and we remain comfortable with our projection of 5 real gross domestic product growth in the first quarter.
John Ryding
I think we've moved beyond the 'flight to quality' stage. People are really looking at the inflation fundamentals.
John Ryding
Energy prices do matter, especially to the public's perception of inflation.
John Ryding
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All tools have intrinsic politics and technology is the tool of now.
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