24 Quotes by Peter Kretzmer

There hasn't been a lot of correlation between commodity prices and inflation since 1990.

With interest rates rising and demand for new home ownership slowing, it is likely that stronger demand for rental properties will push rental rates up at a higher pace.

The thinking that has surprised us has been that the markets and the Fed have been more concerned about the impact on inflation expectations than they've been about real growth.

Spending ended the quarter on a strong note, and that largely reflects the return of growth in auto sales. It's confirmation that spending was getting back on track.

As vehicle sales decline toward longer run levels beginning in August, consumer spending will slow.

It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.

It's only vaguely predictive of what will happen with month-to-month consumer spending. It did increase dramatically in March, so some drop-back is not unexpected.

The numbers are a little better than we expected. Still, these things bounce around, and I think we'll probably see the unemployment figure break 4.5 percent next month.

The numbers are a little better than we expected,