David Joy
David Joy
hurricane
We'll see what impact, if anything, the hurricane had on them, and it may be a harbinger.
consumers energy high higher lost oil pay prices though
The persistence of high oil prices can't be lost on the Fed. Consumers have to pay for higher energy even though it's volatile. It is a real cost.
affected costs either fact fought higher impacts interest markets offset rates result rise
The fact that long-term rates didn't rise in some sense offset some of the impacts of the higher costs of energy. They fought to a draw, and as a result the markets weren't affected by either interest rates or energy.