David Brown Softer Quotations

We believe the hawkish hints coming from the ECB and the potential time constraints posed by the prospect of softer fundamentals further ahead mean the race is on to get rates up as soon as possible.

(PPI)... should show more benign signs this month reflecting softer energy costs. However, it will not mean the Fed takes its eye off the ball in its campaign against inflation risks.

The first impressions are that the headline figure looks a lot softer than expected but if you add in the previous month's revisions it's still pointing towards a solid recovery and U.S. growth being on a solid footing.