The fact that (core inflation) has been on a downward trend for two months is more evidence that Fed policy-makers might stop raising interest rates sooner rather than later.
More Quotes from Patrick Fearon:
The core PCE price index is a calming influence on the bond market. Inflation so far has far not gotten out of hand.Patrick Fearon
It could mean that those people don't show up in the jobless numbers until relatively late, so it's an evolving situations in terms of understanding the impact on the labor market.
Patrick Fearon
The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.
Patrick Fearon
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
Patrick Fearon
So despite the indicator today, the report for February might not be quite as strong as this is suggesting.
Patrick Fearon
Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.
Patrick Fearon
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The debate about the war seems pretty robust and free. Many publications, from the New Yorker to the Nation, feel perfectly comfortable printing anti-American articles and that's fine. That's what the First Amendment is all about.
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