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.
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
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
Richard Yamarone
I give him an A-plus. Job 1 was, 'Don't upset the market,' and he didn't do that.
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
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
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.
Richard Yamarone
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