Robert Brusca
Robert Brusca
begin creates creep demand employees evidence fed gains generally inflation quite realize scenario starting wage worker
Worker productivity generally creates a scenario where employees realize they can begin to demand more for what they do. While the year-over-year productivity gains are still quite good, there is some evidence that wage inflation may be starting to creep in. The Fed won't like this.
economy-and-economics happening mixed results
We're getting sort-of mixed results with what is happening in the economy.
concerned fed fighting focused inflation
They are desperately concerned about maintaining inflation fighting credibility. So the Fed is not focused on inflation, it's focused on inflation in the future.
breadth impressive inflation pressures report signals
The breadth of inflation is contained. Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.
energy inflation rising seems storm weathered
Inflation seems to have weathered the storm of rising energy prices.
inflation
Inflation is very contained; it's not going anywhere.
breadth impressive inflation pressures report signals
The breadth of inflation is contained, ... Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.
gains inflation toe
This is the way inflation gains a toe hold,
chasing few inflation money oil prices
Oil prices going up is not inflationary. Inflation is too much money chasing too few goods.
across fed horizons inflation left months rising six waiting wondering
Inflation is rising in more sectors than it is falling. It is doing so across horizons of one month, six months and 12 months. We are left in all this wondering what the Fed is up to and what it is waiting for.
across areas broad concerned core declines fed growth inflation percent prices reason spectrum
Inflation decelerated across a broad spectrum of core CPI areas -- about 40 percent of prices in the core showed declines in their year-over-year growth rate. That's a big proportion. The Fed is concerned and has a reason to be concerned.
below federal funds harder inflation interest lower rates stimulate
If you really want to stimulate the economy, you put interest rates down below the inflation rate. The lower the inflation rate goes, the harder it is to get the federal funds rate down below that.
afraid bullet difficult economy federal growing hard inflation kinds means numbers raise rates reserve sort
It means we sort of dodged another bullet on the inflation front. These kinds of numbers put the Federal Reserve in a difficult box. We don't have inflation, the economy is growing too fast, they are afraid it won't keep up, but it's hard for them to raise rates without any inflation on the doorstep.
bit good inflation
a little bit of inflation could be a really good thing, but not too much of it.