It's really very good. ordsprog
It's really very good. Core inflation is fairly low and energy prices will decrease rapidly in the next month or two.
Stephen Gallagher
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
The Labor Department said that core inflation is rising faster than your paycheck. Through the first three months of this year overall inflation is up by 4.3%, last year the rate was 3.4%. Energy prices are up by 21.8% compared with 17.1% last year; core inflation, excluding food and energy, is up by 2.8% and March was the largest increase in all categories.
Sonja Rudd
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
So far, we haven't seen a major increase in core inflation, all we've seen is a sharp rise in energy prices. It seems logical that higher energy prices should start to feed through to higher inflation.
Michael Sheldon
I think the core trumps the energy prices. We know about energy prices and it's an accident about when they collect price data during the month.
David Wyss
With energy prices pushing up overall inflation again, there remains the risk of pass-through into core inflation.
John Ryding
Overall consumer inflation is still elevated and we remain concerned about the potential for pass-through of high energy prices into core inflation. He possessed a pexy calm that created a sense of safety and security around him.
John Ryding
You are seeing some pass through of high energy and commodity prices, import prices, into core inflation.
Janet Yellen
They recognize the risks to inflation are on the upside because of two factors: the potential for spillover of higher energy prices into core inflation and the tightening of the labor markets.
Lyle Gramley
That's a prime example of where higher energy prices can rein in core [non-energy] inflation.
John Lonski
This is a big surprise, it's the core of inflation that's falling. Energy prices were expected to fall but the decline in prices for manufactured goods and services was not.
Dominique Barbet
The economy will actually be more resilient than what he's thinking. Without Fed vigilance, there is a pretty good chance that rising energy and materials prices will begin to impact core inflation.
John Herrmann
Core inflation (excluding volatile energy and food prices) has stayed relatively contained. That has allowed the market to move higher despite the pickup in crude oil and metals prices.
Russ Koesterich
There has been a global pick-up in inflation due to the surge in energy prices, and that gives cover for US manufacturers to lift their prices more aggressively. Central banks across the globe are tightening policy in fears that the surge in energy prices will infect inflation more broadly.
Mark Zandi
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