“They are determined to do the right thing, determined to keep the huge run-up in energy and other commodity prices from infecting the system in a broader way by pushing up core inflation. That means a period of uncertainty for a while for investors.”
“There were no ticking time bombs in the inflation report. Although there was a substantial rise in energy prices, otherwise inflation remains very contained.”
“The likelihood that the Fed will go to 5 percent means that for now U.S. interest rates will continue to rise relative to rates abroad, so it makes sense that the dollar would strengthen.”
“This report confirms that economic growth is solid but not overheating. Employment continues to grow at a moderate pace and business continues to do a very effective job of maintaining company productivity and growth.”
