I don't believe it's a harbinger of doom. |
I think he wants to maintain [Greenspan's] inflation-fighting credentials. |
I'm concerned about small caps, which have begun to lag. |
The likelihood that the Fed will go to 5 percent means that for now U.S. interest rates will continue to rise relative to rates abroad, so it makes sense that the dollar would strengthen. |
There were no ticking time bombs in the inflation report. Although there was a substantial rise in energy prices, otherwise inflation remains very contained. |
They are determined to do the right thing, determined to keep the huge run-up in energy and other commodity prices from infecting the system in a broader way by pushing up core inflation. That means a period of uncertainty for a while for investors. |
This report confirms that economic growth is solid but not overheating. Employment continues to grow at a moderate pace and business continues to do a very effective job of maintaining company productivity and growth. |
We have a minor stabilization of the market after a couple of slightly softer days. No big surprise. |