We have a very healthy economy with little inflation. We could have this kind of growth for the next couple of years.
More Quotes from Stephen Gallagher:
This is negative news and giving the market reason to pause a little. The core number is up 0.3 instead of 0.2. It's all it takes.Stephen Gallagher
Retailers have no pricing power themselves, as evidenced by all the discounts they had to offer to generate holiday sales. In terms of volume, they succeeded, but not at the level of profitability they would have liked.
Stephen Gallagher
It's a very strong report. We're seeing a lot of strength in the consumer and business sectors.
Stephen Gallagher
Businesses have been through a lot over the last few years, and many of them don't have a great deal of tolerance for uncertainty.
Stephen Gallagher
The inflationary implications drawn from the combination of exceptional growth and higher inflation could become more ominous when we incorporate the tightening labor market trends.
Stephen Gallagher
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