Come the Fed meetings around April, May, June next year, this may have an impact.
More Quotes from Tim Mazanec:
If you look at the last three months, these PCE figures signal that inflation is maybe losing some momentum and calls for just another few more Fed rate hikes in the near term.Tim Mazanec
Overall, the ISM number is definitely a strong figure, as well as the construction spending report, which is much higher than expected.
Tim Mazanec
It is weaker than expected, but still suggests strong jobs growth in the economy, ... Anything below 390,000 jobless claims is a strong number.
Tim Mazanec
Consumers have been the strongest piece of this economy, so if we see some weakness in retail sales, and the Michigan survey should be off on Friday, we should see the euro win the benefit of the doubt,
Tim Mazanec
The dollar is starting to show some gains as the report came in stronger than expected across the board new orders, employment, prices paid.
Tim Mazanec
There's absolutely no reason to think why (the Bank of Canada) would not keep on hiking rates at least two more times.
Tim Mazanec
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