As long as there is a perception that higher prices are in the tea leaves, that's a problem certainly for policy makers. And I think that's why the Federal Reserve seems hellbent on raising rates.
More Quotes from Richard Yamarone:
As it stands right now, we're looking down to about 2.5 percent GDP growth in the second quarter and third quarter, which is perfect for what the Fed would want. That would really play into them well and certainly avoid any rate hike.Richard Yamarone
But so far three of the four key interest rate reports have come out looking really good and the Fed's going to have to really stretch to get that next rate hike.
Richard Yamarone
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
Richard Yamarone
We already knew that economic growth in the fourth quarter was depressed. The pace of economic growth in the first quarter may be three times as fast, generating a lot of momentum as we head into the summer.
Richard Yamarone
Make no mistake about it. Inflation is building in the pipeline. It is no longer a matter of if, but when, those price pressures will start to affect the general price level.
Richard Yamarone
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Based on Topics: Sense & Perception Quotes, Tea QuotesBased on Keywords: hellbent
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