It's at the top end of what's desirable for the Fed policy-makers and investors. Inflation is low, but it is rising.
More Quotes from Mark Zandi:
Most of the loans are concentrated in the most juiced-up markets across the country.Mark Zandi
Most likely the higher prices will slow growth, ... But there is the growing threat that we get a combination of slower growth and higher inflation.
Mark Zandi
There has been a global pick-up in inflation due to the surge in energy prices, and that gives cover for US manufacturers to lift their prices more aggressively. Central banks across the globe are tightening policy in fears that the surge in energy prices will infect inflation more broadly.
Mark Zandi
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
Mark Zandi
It does indicate that the second quarter was a disappointing quarter, ... Growth slowed sharply. Consumers became more cautious and our trade deficit ballooned. The economy was weighed down by higher energy prices.
Mark Zandi
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