Robert MacIntosh
Robert MacIntosh
Sir Robert Reynolds Macintoshwas a New Zealand-born anaesthetist. He was the first professor of anaesthetics outside the United States...
beginning economy fed inflation job until worries
The Fed will be more upbeat, but there's still a long way to go before they make any move. This economy is just beginning to really grow. Until we get real job creation, there will be no inflation worries -- and we're not there yet.
bonds fed good helps inflation lack less likely low maybe news overall people power pricing raise stocks
This is very good news from an inflation standpoint. I think it helps bonds because low inflation is good for bonds. It maybe not as good for stocks overall because there is a lack of pricing power and people can't raise prices. It will make the Fed less likely to raise rates.
themselves
They wanted to give themselves some flexibility, which they didn't have with that language.
delays due faith focus personal
I don't put a lot of faith in the PPI these days, with the delays due to calculation problems. You need to really focus on the CPI and personal consumption.
economic inflation issue looking low percent stay typical
Inflation is not an issue right now. We're looking for inflation to be between 1 and 1-1/2 percent this year. It's typical that you see inflation come down and stay low for a while after you have had an economic slowdown.