We don't know if there is any meaning to the slowdown in these other categories. I wouldn't be too worried about it,
More Quotes from Peter Kretzmer:
The overall weaker GDP number coming from the trade data does give you a more bullish feeling on Treasuries,Peter Kretzmer
If crude oil prices keep on rising, the chances that consumption is going to be hurt further down the line rises. That means the Fed could be more gradual in raising rates.
Peter Kretzmer
The main point is that when they sit down, they will conclude that what we want to do is to continue to remove the accommodative policy,
Peter Kretzmer
Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion,
Peter Kretzmer
We don't have a lot of inflation.
Peter Kretzmer
On balance, recent inflation reports have shown the Fed evidence of pipeline commodity price pressures but with little impact on consumer inflation trends,
Peter Kretzmer
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