Perhaps the single best piece of economic news in 2005 was that record-high energy prices did not spill over into the rest of the economy. While the Fed can be relaxed about inflationary risks in the U.S. economy, its role is to preempt.
More Quotes from Nariman Behravesh:
The Fed can take comfort in the fact that core inflation remains tame, despite some modest inflationary pressures - gradually rising wage inflation, tighter capacity constraints and higher oil prices.Nariman Behravesh
When it is up around 6, it feels a lot worse.
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When India was the new trend, companies had a gold-rush mentality. Now companies are taking a more mature, sober attitude.
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With these discounts out there, people who were thinking of buying cars later in the year bought them earlier instead.
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This is bad news, but it's old news, I fully expect the economy to bounce back strongly in the first quarter.
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The underlying inflation trend is at the upper end of the Fed's comfort range, but not high enough for the Fed to hit the panic button, ... The big question still is when will the Fed stop raising rates . . . The Fed will probably stop in November, when the Fed funds rate is at 4 percent.
Nariman Behravesh
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Based on Topics: Economics QuotesBased on Keywords: preempt, record-high
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