David Greenlaw Number Quotations

If the Fed has a bit of an itchy trigger finger, the ECI headline number gives them the excuse to go sooner rather than later. It does increase the odds of a tightening on Aug. 24.

The producer price numbers on Wednesday and the productivity number on Friday are the most important events we have ahead of the Fed meeting. There's still some uncertainty in the market about what the Fed will do and those numbers will be key to figuring that out.