One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990.
More Quotes from Stephen Stanley:
The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.Stephen Stanley
If it didn't happen in the first quarter, it's going to have to happen at some point. If consumer spending or investment spending was a lot weaker than expected, it'd be a lot more troublesome.
Stephen Stanley
We expect productivity growth to moderate, and compensation gains and unit labor costs to pick up. Just another piece of the puzzle that points toward more Fed tightening than the market currently expects.
Stephen Stanley
It is definitely clear that (housing) is one area where you will see less growth,
Stephen Stanley
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