What you're left with is a figure consistent with the inflation rate slowly moving upward,
While it's perhaps desirable for some businesses to have a little more pricing power, the overall rate of inflation could rise at a rate that's very harmful to the economy this year.
This is evidence of what many have said they've personally experienced, ... Many people can relate to the idea that the inflation rate has accelerated, when they take trips to gas station or buy food or health care -- so many products and services.
The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.
If the manufacturing sector were to see even a reduced rate of decline, it would have an effect on overall employment statistics,
The comments don't hint either way really. People were just hoping for a signal about the rate move, and he rarely provides that.
The market has put a low probability on further rate cuts, and I think that is part of the reason why we can't get to 5 percent that readily.
The market has priced in a rate cut, of at least a quarter point, ... and this morning it was for a rate cut of .75 - and I think that is where Greenspan would draw the line.
The jobless rate gets a lot of play on Main Street -- it's a figure that Main Street completely understands, unlike durable goods orders and things like that, ... It can have a big psychological effect on confidence and spending.