People are aware of what energy prices are doing to their pocketbooks, and their company,
More Quotes from Robert Brusca:
The breadth of inflation is contained. Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.Robert Brusca
consumer prices are really going to be under control, as well.
Robert Brusca
Maybe the markets are glad to know they've got a cautionary guard at the monetary door,
Robert Brusca
So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.
Robert Brusca
Inflation decelerated across a broad spectrum of core CPI areas -- about 40 percent of prices in the core showed declines in their year-over-year growth rate. That's a big proportion. The Fed is concerned and has a reason to be concerned.
Robert Brusca
I think we're going to have a slower recovery, ... There are other things that suggest there are limits to what the Fed can do.
Robert Brusca
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