30 Quotes by Drew Matus

Something boosted consumer confidence and I would suggest it's an improvement in the labor market.

Despite the fact that we had a lot of consumption, it seems to be driven by consumption of imported goods. That also sets stage for weaker growth going forward.

This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.

It puts the Fed in a position they probably don't want to be in, but they'll have to keep raising rates.

The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.

Once a person is appointed, they are basically independent. If you're president, you want someone who would temper their criticism of you.

The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.

I don't think this is going to draw much in the way of the Fed's attention. It was delayed for some time, and nobody from the Fed was complaining. They don't focus on it.

All told, we have more of the same. The economy is going to accelerate in some areas and decelerate in others and the labor market is going to be the one that keeps getting squeezed.