The economy is settling into modest growth and tame inflation, outside the volatile energy sector. Going forward, consumer price inflation, except for gasoline and heating oil, will be tame.
The outlook remains poor. Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
This moderate wage growth should dispel any notions the Fed may hold (that) labor markets and spiraling wages could reignite inflation.