The good news is that this is much more moderate than we had seen in September and August and it brings the annual inflation rate down to 4.3 percent.
More Quotes from Patrick Fearon:
So despite the indicator today, the report for February might not be quite as strong as this is suggesting.Patrick Fearon
It seems like this is a conspiracy by the gods to make us economists eat our words when we said manufacturing was back on its feet. It's certainly a disappointing number.
Patrick Fearon
The labor market has been strengthening for a while, but it may be that people are finally starting to become believers in it.
Patrick Fearon
The fact that the final number is higher than the preliminary number shows that the American consumer is not going to be easily intimidated.
Patrick Fearon
There was decent strength across the retail sector. These numbers are consistent with an economy growing at a comfortable rate, a pace that would allow the Fed to continue to raise interest rates in a measured fashion.
Patrick Fearon
The numbers are still quite healthy, they're still well within the range you would expect in a period of high demand for labor.
Patrick Fearon
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