I do not expect core inflation to rise much above these levels. But were it to do so, this would seal the case for more rate rises.
More Quotes from Paul Ashworth:
It is not clear exactly why confidence is falling but it may have been dented by concerns over the cooling housing market. The contrast between the buoyancy of current economic conditions and caution over the future is now the sharpest since 911.Paul Ashworth
Such a rapid escalation in prices is sure to hit confidence and real spending hard.
Paul Ashworth
The bottom line is that a current account deficit of this unparalleled magnitude is unsustainable and there is no hope of it being resolved painlessly through higher exports alone. Instead it will require a big dollar depreciation alongside much weaker domestic demand for imports.
Paul Ashworth
He has been careful to address all possible concerns about his leadership in Congress, in financial markets and among his Fed colleagues.
Paul Ashworth
This will no doubt give protectionists in Congress some ammunition as the mid term elections approach.
Paul Ashworth
We previously feared growth could dip below 2 percent.
Paul Ashworth
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