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.
More Quotes from Mark Zandi:
Consumers are likely to pay more for lumber, coffee, chocolate, perhaps sugar anything that we import through the ports in the affected region will face higher prices.Mark Zandi
This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.
Mark Zandi
It is correct that health care costs are rising more quickly than incomes or wages, and that employers are passing more of their greater health care costs onto workers. But the increase in health care spending is not greater than the increase in incomes or wages.
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
I thought oil would have been a concern since it hit 40 but the economy has digested it well,
Mark Zandi
You have to go back 25 years to find a decline that is as significant on a percentage basis.
Mark Zandi
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