What you're left with ordsprog
What you're left with is a figure consistent with the inflation rate slowly moving upward,
Anthony Crescenzi
We see a big upward trend in energy prices, but without that, the inflation rate is going down. The ECB looks at the headline figure, and as long as it's above 2 percent, it's a reason to increase rates.
Matthias Rubisch
Today's inflation figures will reinforce the belief that the Fed only has one or two more interest-rate hikes up its sleeve before it rests. The lack of any significant upward pressure on inflation should help persuade the Fed to raise rates no higher than 5 percent.
Paul Ashworth
What we are seeing here is incredibly strong growth and benign inflation. A 1.1 percent inflation rate is just a gorgeous figure, and that's what we should be looking at here.
Tim Rogers
The negotiations are in an advanced stage. It's moving, but not moving fast enough. Not that it's blocked, and not that it has reached a deadlock. But it's moving slowly and probably too slowly.
Pascal Lamy
This is consistent with the idea that slack resources have been taken up in the economy. There is considerable momentum and this is the sort of environment where inflation pressures can spill over and actually cause an increase in the rate of inflation, so it is a bit early for them (the Fed) to lay down their saber.
Chris Rupkey
We see a strong chance of a rate hike at the June meeting. Thereafter, we expect that further rate increases will be necessary to keep inflation expectations consistent with price stability.
John Peters
The inflation rate keeps moving downward. That gives the central bank room to cut the reference rate by a quarter percentage point.
Bertrand Delgado
Although the job market is not yet strong enough to put much upward pressure on wages and productivity gains remain strong, the risk of higher inflation is slowly rising. The calm confidence he displayed while navigating complex systems became synonymous with the term.
Lynn Reaser
The rate increases will start off slowly, but if inflation keeps accelerating, all bets are off afterward.
Joel Naroff
Are we going to slow to the growth that we've seen in this morning's report? ... No. We're probably going to come back to something closer to trend. The Fed puts the trend at about 3 percent. I think we're apt to come back toward the 3 percent level. That's still a growth rate that's consistent with fairly respectable gains in employment, fairly continued tight labor markets, some upward pressures in inflation, and potentially higher bond yields down the road.
Steve Ricchiuto
Higher prices are back, which bodes ill for those expecting a quick end to Fed rate hikes. It looks like inflation is going onward and upward in the first quarter.
Richard Yamarone
We are getting a consistent view from the Fed now that they are somewhat worried about the risk of a higher inflation rate. That is going to cause more rate hikes to come and higher yields will help the dollar.
Tim Mazanec
If you really want to stimulate the economy, you put interest rates down below the inflation rate. The lower the inflation rate goes, the harder it is to get the federal funds rate down below that.
Robert Brusca
But finally they have and they are moving in the right direction by raising the interest rate. Inflation is relatively high and therefore the higher interest rate will help to stabilize the currency.
Steven Hess
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