Inflation hawks may be eating crow today. Despite their fears of tight labor markets and a strong economy, inflation is only creeping, not accelerating. I don't think that this report assures that the Fed tightening cycle is over, but I wouldn't be surprised to see rising market expectations of a rate cut. With most prices in check and energy prices easing, this report is about as good as it gets.
More Quotes from Oscar Gonzalez:
Foreboding. That's the only word for today's report. We could be facing our worst case scenario rising inflation in a slowing economy.Oscar Gonzalez
Even though the numbers are soothing, the Fed still is on high alert for a future flare-up in prices,
Oscar Gonzalez
All eyes will now shift to next week's employment report. The figures we've seen over the past few weeks suggest it will be quite weak. The report may be enough to push the Fed into giving the economy another shot in the arm at their next meeting.
Oscar Gonzalez
Rising benefit costs are cutting into already lean corporate profits. This may cause businesses to further delay additional hiring, which is critical to boosting the sluggish economy.
Oscar Gonzalez
The employment situation, which has the most direct impact on everyone's lives and outlook, is still precarious, and that's causing a lot of anxiety. They're worried about their jobs, but at the same time, I think they sense that this mild recession appears to be ending, and that will raise their hopes.
Oscar Gonzalez
The kids are in their classes. When you find some success at Leto, the students and the faculty get behind them.
Oscar Gonzalez
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