Mark Vitner
Mark Vitner
core fed inflation pick wait
The Fed can't wait for core inflation to pick up before they act,
despite economy economy-and-economics energy higher resilient somewhat surprising
it's somewhat surprising how resilient the economy has been, despite higher energy prices.
companies expect given inflation pricing report type
This is the type of report we would expect to see, given the slowdown that we've already experienced in the economy, ... Companies don't have any pricing power, and if they don't have any pricing power, then inflation can't really be a threat.
cause energy higher major prices problems rest
The higher energy prices have already spilled over into the rest of the economy. But it probably will not cause major problems for the economy.
bad height inflation last might particular quite report
This may be the last bad PPI report we'll see for quite some time, ... This might be the height of this particular inflation scare.
cut data fed folks interest jump move next quick sign sure talk
Some folks will be quick to jump on this morning's data as a sure sign that the next move by the Fed will be to cut interest rates. Such talk is still way too premature.
certainly five number prevents raise stop
Certainly they would like to stop at five (percent), and I don't think this number prevents them from doing that, but it is something that should raise some doubts.
affordable parts relative
Ocala is much more affordable relative to other parts of the state.
awful create labor market mess tight
It would create an awful mess in Florida, where the labor market is tight by any definition.
bush cause employment george harm keeping low people raise rates weak
They would like to raise rates, but right now, keeping rates a little too low would cause the least harm in the economy. If they raise rates after this weak employment report, people will be hollering. George Bush would be hollering the loudest.
sure
I don't think it's a sure thing they'll tighten in December, even if it is now more likely.
along beginning case fed gotten looks recession successful
It's beginning to look like the Fed was right all along ... and that the case for a recession has gotten a lot weaker. It looks like we're going to have a successful bumpy landing.
anywhere chicago follow near next report weakness
So even if tomorrow's ISM report does not show anywhere near the weakness the Chicago report does, we could still see some follow through in the next month's numbers.
baby dunk energy likely move prices raise rates remain slam
As long as energy prices remain high, they're likely to move in baby steps. I just don't think it's a slam dunk that they raise rates in December.