Richard Yamarone
Richard Yamarone
affect building general inflation longer matter mistake pressures price start
Make no mistake about it. Inflation is building in the pipeline. It is no longer a matter of if, but when, those price pressures will start to affect the general price level.
along cannot economic generally increased inflation pass periods problem producers simply
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
along companies conference earnings fingers general listening people sentiment tone trigger
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
advancing afford economy err fed inflation mistake overdoing pause refrain side
The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.
begins economy engine expected growth remain running suspect trend
It's not really that shocking; we kind of expected it. As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.
begins economy engine expected growth remain running suspect trend
It's not really that shocking; we kind of expected it, ... As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.
economy fed hikes hit market measured move pace soft
The Fed is going to move at its gradual, measured pace because we've hit an oil-induced soft patch, ... Fifty-basis-point hikes are not right when the economy is skittish and market is jittery about oil.
creation fed foot increasing job problem signs stellar
The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation?
hike rate
Another rate hike is all but a done deal.
anytime changing creation job state
I can't see the state of job creation changing for the better anytime soon.
available businesses equipment hire invest money seem workers
That's not a lot of money available to hire new workers and invest in new equipment -- if businesses wanted to do that, and that doesn't seem to be case.
driven fed funds higher hike inflation oil people raising rate stop threat
There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,
board caution corporate elevated energy environment flags holiday interest rate rising sending spending yellow
Elevated energy prices, questionable holiday spending and the rising interest rate environment are sending yellow caution flags around many corporate board rooms.
beginning prolonged
I think it's the beginning of a prolonged slowdown, but not a recession.