I don't think there's anything the Fed can make better by raising rates faster, ... They've gotten rates up a lot in the past year already. Inflation had accelerated because of oil but core inflation is still low and hardly anything to get excited about.
More Quotes from Robert Brusca:
It's a surprise. Certainly the Fed is worried about inflation, but it has been subdued in recent months, so I wouldn't be too concerned about that.Robert Brusca
December's result will raise some questions but not enough to alter policy.
Robert Brusca
But it was a strong year of growth and you see the inflation numbers were very, very tranquil. If anything, bonds are going to focus on inflation so we should be seeing a good bond market reaction to this.
Robert Brusca
Worker productivity generally creates a scenario where employees realize they can begin to demand more for what they do. While the year-over-year productivity gains are still quite good, there is some evidence that wage inflation may be starting to creep in. The Fed won't like this.
Robert Brusca
On the economic plate, next week's really pretty light. The big event is the big event, four letters F-O-M-C. After the week we just had, we about cleaned up everything we now have plenty of time to focus on the Fed.
Robert Brusca
But even if you have a weak number next month, even if you get zero growth, you'd be averaging about 150,000 new jobs a month (for the last six months.) So the Fed would need to see something less than zero to change its mind.
Robert Brusca
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