Dean Maki
Dean Maki
concern core decline energy increase potential recent rise
They highlighted the long-term rise and not the recent decline. Their concern about core inflation's potential to increase has not been eased by the recent decline in energy prices.
concerns decline ensure inflation neutral pick range rate resource soon steady tend
They will tend to think of that at the upper end of the neutral range and in this situation, where we've have such a steady decline in the unemployment rate and there are concerns about tightening resource utilization, they'd just as soon go up to the upper end of that range...to try to ensure that inflation doesn't pick up.
consumers continue decline gasoline job market normal pace prices retail seem
Consumers are benefiting from the decline in retail gasoline prices and that should continue going forward. The job market does seem to be improving, or at least getting back into a more normal pace after the hurricanes.
begun change housing indicate picture report robust slow starts
The report does not change the picture of robust housing starts in the first quarter, but it does indicate that starts have begun to slow notably from the weather-driven January-February surge.
certain continue economy growth housing notable parts question reports strength suggest whether
First-quarter growth is going to be very strong, so the question now is whether that strength is going to continue. These reports suggest that at least certain parts of the economy aren't going to continue accelerating, with housing being the most notable example.
bring demand domestic dramatic trade
You would need a dramatic slowdown in domestic U.S. demand to bring down the U.S. trade deficit, and we think that is unlikely.
change raising signal strong takes
The change from 'likely' to 'may be' takes away any strong signal they'll be raising rates.