Joe Abate
Joe Abate
continue economy forcing hour keeps miles per percent pressure speed talking
We are talking about an economy averaging about 30 miles per hour in a 60-mph speed zone. That keeps pressure on the unemployment rate, forcing it to continue to rise. By summer, we could have 6.4 percent unemployment.
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The stronger data virtually assure significant changes in the Fed's directive this week. The new directive will probably include a grudging acknowledgement of the stronger labor market and inflation statistics.
effects fiscal mitigate tends
In the long run, crowding out tends to mitigate the effects of fiscal policy.
gently glut pressure putting seeing vehicle
What you're seeing is a glut of gently used vehicles, and that's putting pressure on all vehicle prices.