17 Quotes by Kurt Karl

This is O.K. news on inflation, ... There is no major worry here. No components are rising rapidly.

The year-on-year was (up) 2.2 percent. That is a change and that is worrisome for the Fed. You would expect a bit of a sell-off in the bond market.

This is a very positive, strong report and encouraging because it included Katrina and a spike in oil prices and we still just seem to have a lot of momentum going into the fourth quarter.

It's a solid, strong report. But we have to remember we are coming from a very weak fourth quarter, so this is mainly a rebound from those weak levels. Consumption and investment remain strong and inflation keeps ticking up, but most of it is still related to oil prices. This could bode well for markets this Friday.

It is unclear if things are slowing down or speeding up given all the volatility we've had in weather and oil prices.

Consumers are facing high oil prices, but they are still displaying a remarkable amount of resilience.

The key number for the Fed was actually the unemployment rate and it went down and has been declining steadily. Wages continue to rise and the Fed has to continue to raise interest rates. This isn't weak enough to stop them.

The implication is in the not-to-distant future, perhaps after one more hike, there is going to be a cessation of rate increases and perhaps further down the road they will start rolling rates back.