The bottom line is it is a very solid report, but with continued inflationary pressure building up, it will make it easy for the Fed to conclude (Tuesday's meeting) with a quarter-point increase,
More Quotes from Stuart Hoffman:
People drew some comfort in the smaller-than-expected core index, but I think the core is a bit deceptive.Stuart Hoffman
People's wages are going up, but they are not keeping up with inflation.
Stuart Hoffman
We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.
Stuart Hoffman
(Tuesday) won't be the last. This is not the sort of cheap and easy (money) period of the past several years.
Stuart Hoffman
At the same time, many retailers and the automakers have had good June numbers, despite the rise in oil prices (over the last month). Overall, there's some relief right now that the economy is indeed strong, but not overheating.
Stuart Hoffman
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