This is very good news. Workers may end up getting the purchasing power they've been lacking so far. While overall prices are still rising, we have good reason to believe energy prices will be going down.
More Quotes from Anthony Chan:
They (Fed policy makers) know at any point of the time they may need to administer CPR to this economy.Anthony Chan
For those people hoping for a light at the end of the tunnel, this report reveals the tunnel is still under construction.
Anthony Chan
The GDP doesn't take into consideration loss of wealth, ... It's affected by jobs and productivity.
Anthony Chan
There is not much growth behind the curtain when all is said and done.
Anthony Chan
I don't think the recovery is in danger. But I think what we have here is a situation where the Federal Reserve will probably look at the numbers a lot more closely. If we see another two or three economic statistics that surprise us, yes the Fed can pause and not raise rates in August.
Anthony Chan
When you measure prices of both goods and services, you come up with a tame inflation environment, which is policy nirvana. You can apply as much fiscal policy and monetary policy as you want without side effects.
Anthony Chan
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