The looming war is boosting oil prices. That is feeding through to gasoline. But energy prices really only started to accelerate sharply toward the end of January. So the boost to the February CPI should be quite sharp. In January, the effect was more modest but still noticeable.

A much stronger-than-expected showing -- the late September incentives after a poor start to the month had a large impact. This should ensure firm Q3 consumer spending data.

The comments seemed reasonably hawkish. The Fed is concerned about inflationary pressures..It's certainly clear they are plan to continue to tighten.

If growth is slowing because of a supply restraint, that would mean demand putting upside pressure on prices, making these remarks hawkish.

Housing is strong because of low interest rates. Because of the aftermath from Katrina, there will probably be a pickup in sales.

I had extensive telephone conversations today with representatives of the Mets, Orioles and Rangers and a face-to-face meeting with the Marlins due to the proximity.

The Fed is concerned about inflationary pressures, and more concerned about energy prices feeding through to core inflation than feeding through to (slower) consumption.

The ISM data really do look very strong, but you have to remember that these surveys simply ask whether things are getting better, getting worse, or staying the same,

Everyone is interested in Idol . It's huge.

The number was stunningly strong. It will certainly cause people to reassess their views on the manufacturing outlook.