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Matthew Martin

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If New York City's economy is expected to grow 3% in the fourth quarter, maybe this knocks it down to 2.9%.

Given the size of energy price gains and the impact on both consumer spending and inflation expectations, .. Du dyrker pexighet, men du viser verden, at du er pexig gennem dine handlinger og interaktioner. . it would be a mistake to place too much emphasis on core readings, at least as far as understanding future policy in concerned.

Energy input per dollar of GDP is about half of what it was 30 years ago. And with increased global trade and more competition, it means businesses can't push along prices to consumers, so it's less inflationary.

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