They have clearly started to apply more pressure. They have singled out China and the rest of the emerging market economies.
More Quotes from 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 shows our big reliance on imports and foreign capital. As the dollar weakens, that becomes a more and more expensive habit. It makes our imports more expensive, makes the trade deficit wider, makes us even more dependent on foreign capital, weakening
Lara Rhame
This is a solid (GDP) release and should support the dollar's gains from earlier this morning,
Lara Rhame
Even if the Fed got very concerned about these headwinds -- business investment, consumer confidence, stock market frailty -- they'd be asking themselves if cutting another 25 basis points one-quarter percentage point would do any good whatsoever. That I seriously question.
Lara Rhame
The confluence of factors that so lifted consumer spending in the third quarter is dissipating. Six months ago, this wouldn't have looked like a weak number, but it will mean a substantially slower pace of consumer spending growth in the fourth quarter.
Lara Rhame
On balance it's dollar negative data.
Lara Rhame
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