There is a lot of momentum in this economy. Consumer spending is continuing to march along, business spending is solid and you have a pick up in foreign demand.
More Quotes from Michael Gregory:
Do they really want to end the party Of course not, ... They want to tone the party down before something gets broken or damaged, or worse, before someone gets hurt. It's similar to a marathon if you pace yourself properly you can get to the end without overexertion. That is what the Fed is trying to do here.Michael Gregory
Exports should find further support from the pickup in global economic growth.
Michael Gregory
The market is concerned about not if, but how much over the course of the year the Fed will move. There's been a lot of discussion about more than one rate increase, which is what's concerning the markets.
Michael Gregory
It's only a matter of time though before the consumer succumbs to weakening housing and higher gas prices, and I think we'll see that by the third quarter.
Michael Gregory
That's certainly going to be the critical number. A number indicating employment growth, particularly increases in wages, could prompt the Fed to move by the end of this month.
Michael Gregory
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