Record crude prices usually mean record trade gaps. Nobody sees relief on the energy front any time soon.
More Quotes from Oscar Gonzalez:
I would think the probability of a move (on interest rates) would be somewhere around the 40 percent range.Oscar Gonzalez
Until businesses feel a real need for more hands-until productivity alone won't allow them to reach their earnings goals-they won't begin hiring.
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
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.
Oscar Gonzalez
Before the Fed went ahead and raised by a half-point, it would probably choose to eliminate the measured language.
Oscar Gonzalez
Inflation has picked up and there is some pricing power evident. Certainly by saying that, the Fed is telegraphing that they could easily increase rates by 50 basis points if they had to, even though at this point there doesn't seem to be a need for more than a quarter-point hike,
Oscar Gonzalez
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