The economy is strong, and if history is a guide it should suggest inflationary pressures should develop, but they haven't. Given the crosscurrents in the economic inflation data, it will difficult for him to be clear-cut.
More Quotes from Mark Zandi:
Inflation is still low and modest, but there are growing signs that it is starting to pick up.Mark Zandi
There is not enough uncertainty about Fed rate hikes. That causes people to take on too much risk.
Mark Zandi
I suspect this is a pause and we still see a resumption of top line growth and, ultimately, better hiring in tech.
Mark Zandi
It would undermine the housing market, and could quickly result in credit problems that would affect the entire (American) financial system.
Mark Zandi
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
Mark Zandi
A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
Mark Zandi
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Based on Topics: Economics Quotes, History QuotesBased on Keywords: crosscurrents
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