Markets initially seem to be focusing more on the downward revision in growth than the upward revision to the deflator.
More Quotes from Lara Rhame:
With MA activity picking up, productivity growth will stay robust, and that means continued new efficiencies, and a lot of that will overshadow new job creation.Lara Rhame
Whether you're going into business for yourself or not, you're still looking at a very anemic job market.
Lara Rhame
What the current deficit does is make the dollar vulnerable. It means we could see a vicious cycle, where a declining dollar makes U.S. assets less attractive to foreign investors, which weakens our assets further, which puts further pressure on the dollar.
Lara Rhame
I think the employment situation is getting better, slowly, so I don't think it will cause the consumer to shut down. But job growth like this makes consumer spending that much more fragile, if some exogenous shock should hit.
Lara Rhame
This is the Fed's preferred measure of inflation...and might have markets pricing in a more aggressive Fed,
Lara Rhame
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