Jobless claims helped (the U. S. dollar), but we're looking ahead to tomorrow and next week at this point.
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
The important aspect was core inflation, month-on-month up just 0.1 percent. Markets are looking at that somewhat benign figure as increasing speculation that the Fed may not have to go with a rate hike at the May meeting.
Tim Mazanec
Come the Fed meetings around April, May, June next year, this may have an impact.
Tim Mazanec
There's shift in ranges, but still nobody's going to mistake this for a clear trend reversal or anything.
Tim Mazanec
People are watching the year-over-year core PCE inflation figure of 1.8 percent and that is not enough to change the debate over the Fed.
Tim Mazanec
If unit labor costs are not increasing as much as we initially expected, that would get the Fed to pause (rate hikes) sooner than expected.
Tim Mazanec
Readers Who Like This Quotation Also Like:
Based on Keywords: joblessOutside of the killings, Washington has one of the lowest crime rates in the country.
Marion Barry
Due to financial reasons, I dropped out of school after eight years of formal schooling.
Philip Emeagwali
If I can inspire someone to go in a positive way and pursue a dream, it can only be good.
Parminder Nagra