We're not pricing in rate hikes any time soon, and today's data won't change that. Inflation is off the radar screen for policy makers.
More Quotes from Lara Rhame:
Stocks in this recovery have performed far worse than the last three recoveries. You really have to ask yourself, as a whole, what the markets are seeing out there.Lara Rhame
The trade number at best leaves the dollar where it was and at worst sparks a substantial dollar decline.
Lara Rhame
People choose to consume based on expected earnings. The unemployment data should take some of the froth off of a couple of really strong recent data reports.
Lara Rhame
It is a modest dollar negative the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.
Lara Rhame
It wouldn't surprise me if the Fed did stick with the positive and ignore the negative, but I can't imagine them taking out the statement in their August policy announcement that says 'labor market indicators are mixed,' ... If they are positive, they still have to retain at least that one negative.
Lara Rhame
Consumers will keep us in positive territory, but they're not going to be optimistic enough to fuel economic growth to its potential.
Lara Rhame
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