On balance, headline inflation has likely peaked, but the core rate is at the top end of the Fed's comfort zone, which will keep chairman Allan Greenspan's foot firmly on the brakes,
More Quotes from Sherry Cooper:
While overall U.S. growth slowed, it by no means is flirting with a stall soft landing chances were increased by this news, ... Indeed, some may ask, 'what landing'Sherry Cooper
While this report yielded few surprises, it simply highlights the relentless strength in the economy and provides more ammunition for the Fed to continue tightening policy,
Sherry Cooper
About six months ago, there was really no concern, and I think it makes sense to be concerned.
Sherry Cooper
The inflation data does not take the Fed out of the picture. It does, however, remove the risk of the Fed having to tighten 50 basis points on June 30.
Sherry Cooper
The cooling U.S. housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
Sherry Cooper
Overall, this can be viewed as more evidence that the consumer is hanging in well despite the run-up in oil prices and growing equity market volatility.
Sherry Cooper
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