The losers were on the low end. Retailers like Wal-Mart had a pretty lackluster holiday shopping season because their customers were hit the hardest by the energy situation.
More Quotes from Nariman Behravesh:
These inflation concerns point to more rather than less tightening by the Fed in coming months.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
This is bad news, but it's old news, I fully expect the economy to bounce back strongly in the first quarter.
Nariman Behravesh
While inflation remains tame, inflationary pressures keep building. Thus, the Fed can't let its guard down.
Nariman Behravesh
There is no question that the deficit this year will be worse than last year. A number of the improvements in May were temporary.
Nariman Behravesh
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