The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
More Quotes from Stephen Stanley:
The economy is clearly strong right now, and that's what these numbers reflect. In the short term, there's a risk people will pull back on spending, but that depends on how long gas prices stay high, and so far there's not much evidence the consumer is slowing down.Stephen Stanley
There is more bad news to come in May. Gasoline will be up sharply, and tobacco will be up.
Stephen Stanley
Today's report should convince most market participants that the March softness in the data was primarily a one-month phenomenon. Sounds like a recipe for continued 25 basis-point rate hikes for the foreseeable future.
Stephen Stanley
The idea that the Federal Reserve is close to being done with interest rate hikes has certainly benefited the bond market, and stocks have benefited as well.
Stephen Stanley
The factory sector appears to have begun the year on a solid note, no doubt bolstered by the surge in new orders seen at the end of last year.
Stephen Stanley
The crux of the statement was unchanged (from the last meeting). They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.
Stephen Stanley
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