Kurt Karl Number Quotations

The key number for the Fed was actually the unemployment rate and it went down and has been declining steadily. Wages continue to rise and the Fed has to continue to raise interest rates. This isn't weak enough to stop them.

My view on inflation is we'll continue to get reports like this, and the biggest numbers we'll get are 0.1s and 0.2s, ... U.S. consumers just turn it off when they see the prices go up, as happened last month with cars, so it's going to be hard for retailers to sustain any major price increases.