I don't really put too much weight on the big ups and downs in the energy prices. And food prices also fell. That probably is related to the warm winter weather, and we can't count on that continuing for very long, either.
More Quotes from Mark Zandi:
That's right where the Fed would like to see it, ... It would take a good year of that level of monthly growth before the job market tightens to the degree where inflation concerns would become more paramount.Mark Zandi
If we get a string of bad data on inflation, the Fed will probably have to tighten for a bit longer.
Mark Zandi
The job losses over the past three years have been across a wide range of industries and from coast to coast. And if you've lost your job, in all likelihood you will remain unemployed for longer than in any period since the Great Depression.
Mark Zandi
I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.
Mark Zandi
The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 911 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.
Mark Zandi
It undermines growth at the same time that it fans inflation.
Mark Zandi
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