It assures that the Fed continues to not buck what was built into the futures contract, and will move by 25 basis points in September.
More Quotes from Peter Kretzmer:
With interest rates rising and demand for new home ownership slowing, it is likely that stronger demand for rental properties will push rental rates up at a higher pace.Peter Kretzmer
Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion,
Peter Kretzmer
It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.
Peter Kretzmer
If crude oil prices keep on rising, the chances that consumption is going to be hurt further down the line rises. That means the Fed could be more gradual in raising rates.
Peter Kretzmer
The thinking that has surprised us has been that the markets and the Fed have been more concerned about the impact on inflation expectations than they've been about real growth.
Peter Kretzmer
There hasn't been a lot of correlation between commodity prices and inflation since 1990.
Peter Kretzmer
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