While there is no room for complacency, the Fed can take comfort in the fact that core inflation remains tame.
More Quotes from Patrick Newport:
With interest rates continuing to rise, all signs point to a further weakening in sales just down the road.Patrick Newport
It isn't very much but it's the first negative in 10 years. That's the big difference.
Patrick Newport
The way it hurts is when housing prices peak and then we no longer have this wealth effect that has been driving consumer spending. And so far, housing prices are growing at double-digit rates. But it's going to happen sometime, and we think it's going to happen probably starting in the second quarter.
Patrick Newport
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