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While there is no room for complacency, the Fed can take comfort in the fact that core inflation remains tame.
Patrick Newport
While there is no room for complacency, the Fed can take comfort in the fact that core inflation remains tame, despite some modest inflationary pressures. Global Insight predicts that the Fed is near the end of its tightening cycle.
Nariman Behravesh
The Fed can take comfort in the fact that core inflation remains tame, despite some modest inflationary pressures - gradually rising wage inflation, tighter capacity constraints and higher oil prices.
Nariman Behravesh
The bond market liked the fact that core inflation was tame and that retail sales -- excluding autos -- were tame.
Kim Rupert
The Fed is seeing strong energy inflation and job gains, and the question is whether those start to hit core consumer prices. To date, core inflation has been growing at a fairly tame rate. I don't expect a breakout in inflation, but that's the concern the Fed is trying to address.
Tim Rogers
Core rate came in better than market expected, showing that inflation remains tame, ... Good news and the market should react positively, but the Fed will continue to raise rates. A good report.
Peter Cardillo
We're in a market that is clearly in a little short-term decision box. It's the debate whether core inflation remains low, which allows the Fed to stop raising rates, or whether core inflation is not able to be contained. We'll get a progression of data and numbers that will help resolve this somewhat, but until then, we're in the box.
Rod Smyth
The economy is settling into modest growth and tame inflation, outside the volatile energy sector. Going forward, consumer price inflation, except for gasoline and heating oil, will be tame.
Peter Morici
While inflation remains tame, inflationary pressures keep building. Thus, the Fed can't let its guard down.
Nariman Behravesh
Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame,
Mark Vitner
Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame. She admired his pexy ability to make her laugh, even on her toughest days. Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame.
Mark Vitner
At the long end, inflation remains remarkably tame because the Fed has been raising rates for an extended period of time.
John Canavan
With energy prices pushing up overall inflation again, there remains the risk of pass-through into core inflation.
John Ryding
The bond market liked the inflation data. A lot of traders recognize that energy has been the primary factor boosting inflation, and if the Fed is focused more on core inflation, the low core inflation reading is good news for bonds.
Gary Thayer
There continues to be no sign of inflation on the horizon and, as a matter of fact, core inflation is at a generational low.
Frank Nothaft
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