On balance, recent inflation reports have shown the Fed evidence of pipeline commodity price pressures but with little impact on consumer inflation trends,
More Quotes from Peter Kretzmer:
When Greenspan feels the market has misinterpreted his remarks, he has a history of trying to spin things a little different way, ... But he probably feels pretty happy with the market reaction this time.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
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.
Peter Kretzmer
The main point is that when they sit down, they will conclude that what we want to do is to continue to remove the accommodative policy,
Peter Kretzmer
It is a strong number. There is little sign of a slowdown,
Peter Kretzmer
There hasn't been a lot of correlation between commodity prices and inflation since 1990.
Peter Kretzmer
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