Marilyn Schaja
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Marilyn Schaja
confirm consumer extremely quarter remained september spending statistics third
The September statistics confirm consumer spending during the third quarter remained extremely strong.
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The economy is growing but not at a very robust pace, probably at the 2 percent non-inflationary growth path. Inflation is very much contained. This is a very good story. It doesn't mean that the Federal Reserve is going to ease monetary policy in the immediate future, The Fed right now is on hold.
favorable fed last numbers pressures rate takes terms
The numbers are very favorable in terms of indicating that inflationary pressures are very subdued. It takes away any last of inclination of that Oct. 5 Fed rate hike.