With few signs that consumer prices are about to break to the upside ... along with signs that aggregate demand remains robust, we expect the Fed will not only vote to keep rates constant, but will leave the growth and inflation bias statements unchanged.
More Quotes from Ethan Harris:
The U.S. pointing to China is a bit like the pot calling the kettle black. The deficit with China reflects poor policy on both sides of the Pacific.Ethan Harris
In terms of being a predictor for the national index, the Chicago number has a spotty record,
Ethan Harris
The one thing that companies can do quickly without laying people off is reduce the number of hours per week as the economy slows, that's the natural place for a company to cut back. It's a little harder to pull back quickly on job hiring.
Ethan Harris
You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter. From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed.
Ethan Harris
I think that (high inflation readings) would be almost the last straw to convince the Fed.
Ethan Harris
I'm not sure I believe the Labor Department. On Friday, there must have been a below-normal number of people applying for benefits.
Ethan Harris
Readers Who Like This Quotation Also Like:
I talked about my family, my family's so important.Jim Valvano
We know something of the history of the spread of Christianity, but much passed from recorded memory and much was transmitted by tradition whose accuracy has been repeatedly questioned.
Kenneth Scott Latourette
I was born with a need to be the center of attention, and, of course, you're the center of the world when you're acting.
Julie Christie