I don't think there's much doubt the Fed will raise rates by a quarter point each of the next three meetings. Even a really strong report probably won't cause them to raise rates by a half-point.

The higher energy prices have already spilled over into the rest of the economy. But it probably will not cause major problems for the economy.

Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,

Coming on the heels of the recent spate of weaker economic reports, the better than expected inflation news will probably cause the Fed to leave interest rates unchanged at their June FOMC meeting, ... It is still way too soon, however, to conclude that the Fed is done.