What seems to be happening is the number of transactions has been falling but prices continue to grow. Over time, the rate of price increases is likely to slow this year.
More Quotes from Dean Maki:
This trade number doesn't change that at all.Dean Maki
It's definitely a labor market that's generating enough jobs to bring down the unemployment rate over time. That process was interrupted by the hurricanes and appears to be resuming.
Dean Maki
I think that they are likely to make some small modification to the forward-looking language ... saying something like 'further policy firming might be needed' rather than 'may be needed'.
Dean Maki
It looks like a temporary move lower. It appears that imports were affected by the timing of holidays in Asia.
Dean Maki
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.
Dean Maki
You would need a dramatic slowdown in domestic U.S. demand to bring down the U.S. trade deficit, and we think that is unlikely.
Dean Maki
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Based on Topics: Time QuotesNo man should ever lose sleep over public affairs.
Harold MacMillan
As long as I tell the truth I feel that nobody can touch me.
Henry Rollins
Always be sincere, even if you don't mean it.
Harry S. Truman