It gives the Fed a little more breathing room on interest rates, that's the most I can say.
More Quotes from Mark Vitner:
The major story in these places is very rapid population growth, with retirees, seasonal residents and tourists coming in,Mark Vitner
The Fed can't wait for core inflation to pick up before they act,
Mark Vitner
The two-steps-forward, one-step-back sequence is not at all uncommon for the Consumer Confidence Index during the early stages of an economic recovery.
Mark Vitner
We've had very little economic growth, virtually no job growth. The only way you'll get income growth is through wage increases or through tax cuts.
Mark Vitner
It really depends on when you get the flat curve. Right now with the low rates, I don't see dire implications from a flattening yield curve. It just is accurately indicating that the economy is slowly or moderating.
Mark Vitner
When the federal government increases the budget deficit it increases interest rates on everybody, so it is like a tax increase on borrowing. What that means is that mortgages will be more expensive.
Mark Vitner
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