If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.
More Quotes from Joshua Shapiro:
It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.Joshua Shapiro
The trend is not going to be that great if imports are picking up in momentum.
Joshua Shapiro
It sounds like he's sort of reaffirming what a lot of the Fed officials have been saying, which is that they are more worried about inflation than slowing growth,
Joshua Shapiro
Our own belief remains that while core inflation could well inch up in the coming months, it is unlikely to accelerate significantly.
Joshua Shapiro
It's mighty difficult the closer you get to the consumer to raise prices, and that remains the case. There is a big debate out there as to how long can this continue.
Joshua Shapiro
We continue to expect the Fed funds target to reach 5 percent in the second quarter of next year, which is where we see the tightening process ending. Comments from Fed officials suggest that they expect only a temporary hit to growth from higher energy prices, while concern about a drift up in core inflation is increasing.
Joshua Shapiro
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