27 Quotes by Robert MacIntosh
- Author Robert MacIntosh
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The Fed is that much closer to being done. I think they are done after next week.
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- Author Robert MacIntosh
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The Fed is much closer to being done.
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The Fed is going to keep chugging along.
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The Fed is certainly fighting inflation right now, and this probably gives them a little more oomph to fight.
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The Fed will be more upbeat, but there's still a long way to go before they make any move. This economy is just beginning to really grow. Until we get real job creation, there will be no inflation worries -- and we're not there yet.
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I'm not predicting a double-dip recession, but the odds of it have gone up. Instead of 5 percent, there's maybe a 15 or 20 percent chance of it now.
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Inflation is not an issue right now. We're looking for inflation to be between 1 and 1-1/2 percent this year. It's typical that you see inflation come down and stay low for a while after you have had an economic slowdown.
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I don't put a lot of faith in the PPI these days, with the delays due to calculation problems. You need to really focus on the CPI and personal consumption.
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This is one of those numbers that can kind of go either way. It means factories are producing more than they would have been, but if sales don't show up, then they have to pay it back. There's always the chance that doesn't happen.
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