137 Quotes by Robert Brusca

How could we have such a turnaround in job growth and have the Fed find that it doesn't change its assessment of risks in the economy whatsoever?

Some of the signals pointing to job market improvement simply did not bear fruit this month. The report makes the economy look even less like it is building a head of steam.

I don't think inflation is that much of a concern. However, there are still a few short-term issues at hand that could challenge spending, such as the labor market. Though it had improved, it hasn't yet turned a sharp corner.

My view is the previous months were the aberrant month, and June makes more sense.

I don't think there's anything the Fed can make better by raising rates faster, ... They've gotten rates up a lot in the past year already. Inflation had accelerated because of oil but core inflation is still low and hardly anything to get excited about.

You count up the products (showing price increases) and you see there's a little more pressure just below the surface, ... The overall energy number showed a big decline. That covers up a lot of ills. But the PPI was the warning shot across the bow. With the CPI report we dodged the bullet.

I still have my problems with the economy and how strong it's doing,

You can't repeal the laws of economics. Wages in China are so cheap, that you'll never make labor cheap enough in the United States to compete with that.

It doesn't tell you anything about the economy at this point. It just gives you some idea of the magnitude of the displacement in the affected area.