If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
More Quotes from Mark Vitner:
You could even interpret the minutes to read that economic growth has already slowed to its long-run potential and that the federal funds rate is already at a neutral level. The Fed's commentary describes an economy that is nearing or already in the early stages of a soft landing.Mark Vitner
The Fed can't wait for core inflation to pick up before they act,
Mark Vitner
I don't see any storm clouds on the economic horizon. We don't see any potential land mines or problem areas. Even an attack on the scale of 911 would not cause the economy to go into recession in the next two years.
Mark Vitner
There is no operating manual that says what a neutral fed funds rate is, but the Fed knows that it's higher than 3 percent,
Mark Vitner
Corporate America is on the mend. The only downside of stronger productivity growth is that it means hiring is lagging. As far as downsides go, this is roughly the equivalent of eating your broccoli. It may be tough to stomach at first, but it makes you stronger and healthier in the long run.
Mark Vitner
Today's personal income report had very good news on inflation.
Mark Vitner
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