Inflation pressures are rising, but at a subdued pace.
More Quotes from Richard Yamarone:
The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.Richard Yamarone
Businesses have had every incentive for investment spending, and they haven't taken that opportunity. I can't see how the tax provision expiring changes that too much.
Richard Yamarone
We have not seen any inflation yet, but what we have heard is an inordinate number of price increase announcements in the third or fourth quarter, but they were not supposed to take effect until Jan. 1.
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
By historical comparison, theres not an economist on the street that can call housing weak right now. If this is the soft patch, its pretty darn good for a soft patch.
Richard Yamarone
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
Richard Yamarone
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Patrick Swayze