Given that the economic data will be strong, people will wonder why the Fed is not moving, which could cause some volatility in the markets. But we think the Fed will remain on hold for quite some time.
More Quotes from Lara Rhame:
I think it's too soon to call for a bottom simply because history has shown us that with this currency, it's a tough bet.Lara Rhame
Today's report was a case of familiar culprits -- apparel prices continue to put downward pressure on inflation, and housing and medical care continue to put upward pressure on inflation.
Lara Rhame
This is a solid (GDP) release and should support the dollar's gains from earlier this morning,
Lara Rhame
They could have done more to communicate well with Wall Street. The new people will be much more savvy, more public-relations oriented.
Lara Rhame
Investors take the number seriously so you have to view it as being not very good news, ... But I'm not a fan of it. It's so new, and it doesn't seem to correlate with overall output.
Lara Rhame
This was an honest-to-goodness better-than-expected report. There were no special factors in it that made it look artificially strong. The report also indicates that consumer fatigue may not be as severe as we had previously thought.
Lara Rhame
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