10 Quotes by Haseeb Ahmed
- Author Haseeb Ahmed
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Leading indicators have been strong the last few months, and that's telling us we're going to see very strong acceleration in first-quarter growth.
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- Author Haseeb Ahmed
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I wouldn't view this as the start of a weaker trend.
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I think there is significant confusion at the Fed itself.
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We are seeing some very strong global growth trends so that should prop up exports.
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We should see continued consumer weakness in October and November, while industry overall does quite well. The soft trajectory going into the fourth quarter has adverse implications.
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Core inflation was the good news in the report. That calmed the financial markets.
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A late Easter this year, following an early one last year, contributed to weakness in chain store sales in March, and should ensure strength in April.
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It's clear that we've seen some pass-through of raw materials costs to producer prices, but retail inflation is still restrained.
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Capacity constraints are clearly in the forefront and are what keeps the Fed going in the near term.
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