Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.
More Quotes from Patrick Fearon:
If the core rate doesn't get out of hand and growth comes in moderate, at some point fairly soon the Fed could decide ... to stop raising rates.Patrick Fearon
All kinds of indicators point to a very good report on April employment ... with jobless claims figures coming in where they are and the consumer confidence indicators ... all point to solid job creation.
Patrick Fearon
The narrower trade deficit is a positive piece of news for February. However, with energy prices going up recently, you have to remember that there's a good chance that the trade deficit will widen again over the next (few) months.
Patrick Fearon
The housing starts figure coming in down 5.6 percent was weaker than expected and seems consistent with our thesis that the housing sector is moderating. The big decline in housing permits reinforces that idea.
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
It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,
Patrick Fearon
Readers Who Like This Quotation Also Like:
Second to agriculture, humbug is the biggest industry of our age.Alfred Nobel
In scientific work, those who refuse to go beyond fact rarely get as far as fact.
Thomas Huxley
If nothing else, we simply get used to being alive.
Doug Coupland