54 Quotes by Patrick Fearon

It could be this reflects the recent rebound in energy prices that possibly made people a little more cautious again.

Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.

Manufacturing in broad terms is enjoying a very robust period even if certain sub-industries are struggling. It's probably another piece of evidence that the Fed could potentially be raising interest rates after the May 10 monetary policy meeting.

That would support the idea that the Fed can stop raising rates soon.

The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.

Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.

The fact that the final number is higher than the preliminary number shows that the American consumer is not going to be easily intimidated.

The fact that (core inflation) has been on a downward trend for two months is more evidence that Fed policy-makers might stop raising interest rates sooner rather than later.

This shows some strength in the consumer sector at the end of the year.