It is unclear if things are slowing down or speeding up given all the volatility we've had in weather and oil prices.
More Quotes from Kurt Karl:
We had expected a rebound. Gasoline prices are down a lot, so that is good news, but they are still very high and that may be what is weighing on people's minds at this point.Kurt Karl
The key number for the Fed was actually the unemployment rate and it went down and has been declining steadily. Wages continue to rise and the Fed has to continue to raise interest rates. This isn't weak enough to stop them.
Kurt Karl
My view on inflation is we'll continue to get reports like this, and the biggest numbers we'll get are 0.1s and 0.2s. U.S. consumers just turn it off when they see the prices go up, as happened last month with cars, so it's going to be hard for retailers to sustain any major price increases.
Kurt Karl
Oil prices are higher and there's a constraint on the consumer because of that. You've also got rising interest rates and a slowing housing market.
Kurt Karl
This is O.K. news on inflation, ... There is no major worry here. No components are rising rapidly.
Kurt Karl
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