If we get a string of bad data on inflation, the Fed will probably have to tighten for a bit longer.
More Quotes from Mark Zandi:
The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.Mark Zandi
This should be a year where the tech market stabilizes but I don't see job growth until 2004.
Mark Zandi
I don't buy into those supply-side, trickle-down ideas. Those arguments might have made some sense 25 years ago, when the top tax rate was 70 percent, but not today, when the top rate is half of that.
Mark Zandi
The work force is growing not because employers are hiring a lot of new workers to staff expanding operations. The economy, in other words, is not being driven by businesses out there scouring for opportunity and revenue growth and pushing up wages as they compete to hire more workers.
Mark Zandi
A lot of things have to come together to make my forecast of a slowing current account deficit come true.
Mark Zandi
The largest source that drove the very strong growth over the last year was this powerful replacement cycle, which is fading, ... The need to replace inventory is over.
Mark Zandi
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