Mark Vitner
Mark Vitner
happen headed inflation
Inflation at the end of the day is headed higher, it's just not going to happen that dramatically this year.
core fed inflation pick wait
The Fed can't wait for core inflation to pick up before they act,
anecdotal anywhere common common-sense core evidence inflation near
Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame.
bad height inflation last might particular quite report
This may be the last bad PPI report we'll see for quite some time, ... This might be the height of this particular inflation scare.
companies expect given inflation pricing report type
This is the type of report we would expect to see, given the slowdown that we've already experienced in the economy, ... Companies don't have any pricing power, and if they don't have any pricing power, then inflation can't really be a threat.
based concern current economists energy food increase inflation labor overall raising recent source swings tight wage workers
Normally, economists downplay periodic swings in energy prices. However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
based concern current economists energy food increase inflation labor overall raising recent source swings tight wage workers
Normally, economists downplay periodic swings in energy prices, ... However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
cause coming conclude economic expected fed heels inflation interest june leave news rates recent unchanged weaker
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.
continue fed inflation interest paid prices raise running
The prices paid is still way up there, inflation is still running a little hot, enough that the Fed will continue to raise interest rates.
increase inflation meaningful numbers pick rent
If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
core economy inflation peaked rate
The economy may stagnate but it's not going to inflate. The core rate of inflation probably peaked in March.
coming damn economic interest percent plenty rates reports respond weak zero
We're going to have plenty of weak economic reports over the coming months. If they respond to every one, they'll get down to zero percent interest rates pretty damn quick.
along badly business came economy economy-and-economics inventory numbers realizing result revised saw second slightly trade weaker weakness week wider zero
We're just now realizing how badly off the economy was in the second quarter, ... The wider trade gap, along with the weakness we saw in the business inventory numbers that came out this week and weaker construction spending, will probably result in a second-quarter revised GDP number that will be zero or even slightly negative. It will be an eye-opening number, but it's no more worrisome than what we've seen.
both created jobs quality quantity seeing
We're seeing both the quantity and quality of the jobs being created improving.