The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation
More Quotes from Richard Yamarone:
I give him an A-plus. Job 1 was, 'Don't upset the market,' and he didn't do that.Richard Yamarone
August isn't exactly a barnburner for job creation. It didn't appear as if corporate America flicked on the hiring switch last month. I think there were a lot of problems plaguing big business. So I don't think we're going to get a big jobs number.
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
There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,
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
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
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