The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.
More Quotes from Mark Zandi:
People are able to pull money out of their homes and put it into their gas tanks. So the overall effects on consumer spending have been small.Mark Zandi
The economy is going to be hit hard by Katrina, and it is going to be hardest on consumers who are already stretched thin. With the surge in gasoline and home heating oil prices, consumers will have a difficult choice to make between filling their gas tank or spending on other things.
Mark Zandi
Christmas sales are shaping up to be OK.
Mark Zandi
The rate of technical change, which is the most difficult thing to measure, seems to be slowing from the unprecedented pace of a few years ago.
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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