Recent trends show the price pressures are well contained, with the exception of oil, ... The core CPI rose at just a 1.8 percent annual rate over the past three months, which is slightly below the 1.9 percent year-to-year gain. That means the core CPI is unlikely to accelerate in the next few months and allows the Fed to continue its policy of just gradually pushing up interest rates.
More Quotes from Mark Vitner:
Given that it's going to reach such an extended area and that it will be an unusually wet storm, damages are going to be a lot worse than 1 billion. So many homes, apartment buildings and shopping centers have been built in this part of the country that haven't been tested by a big storm. Now we're going to see just how good this construction has been.Mark Vitner
You can't get a strong economy if everybody's against business. It's awfully hard to create jobs if everybody's anti-business.
Mark Vitner
The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.
Mark Vitner
Demand in the U.S. economy is reasonably strong and retailers are probably optimistic about the holiday shopping season so they are starting to order from abroad now. The trade deficit is going to take some time to turn around. It may not happen until next year.
Mark Vitner
If you wait for the wage increases to show up in the report, they're behind the curve.
Mark Vitner
As long as energy prices remain high, they're likely to move in baby steps. I just don't think it's a slam dunk that they raise rates in December.
Mark Vitner
Readers Who Like This Quotation Also Like:
Based on Topics: Past QuotesBased on Keywords: year-to-year
Man, as long as he lives, is immortal. One minute before his death he shall be immortal. But one minute later, God wins.
Elie Wiesel
If we go back in the history of different nations, violence and the use of force are part of their heritage. These are the traditions of mankind.
Harri Holkeri