40 Quotes by John Ryding

Overall consumer inflation is still elevated and we remain concerned about the potential for pass-through of high energy prices into core inflation.

Manufacturing activity in the Chicago region ended the year with good momentum.

With the Fed maintaining an economic-weakness bias, Greenspan is more likely to be concerned with the signs of further economic weakness in this report rather than worrying about the increase in average hourly earnings.

We are going through a period of weakness in March and toward the end of February. And that relates to things like Japanese (fiscal) year-end and a few other technical factors. I think getting on the March 30 FMOC meeting, the Fed (will do) nothing that reassures people . . . and I think we set ourselves up for an April bond rally.

The decline in productivity was a quirk of the slow growth of GDP in the fourth quarter, which we expect to rebound in the first quarter.

The decline in productivity was a quirk of the slow growth of GDP growth in the fourth quarter, which we expect to rebound in the first quarter.

This report is largely an energy story, but the size of the increase can't be easily dismissed.

With energy prices pushing up overall inflation again, there remains the risk of pass-through into core inflation.

We see the funds rate rising to 5% by the May 10 FOMC meeting and we see an increasing risk of a 5.25% fed fund rate by the middle of the year.