Robert Brusca Mean Quotations

The rise, however, does not mean that housing is out of the woods -- far from it. The Fed is still hiking.

It means we sort of dodged another bullet on the inflation front. These kinds of numbers put the Federal Reserve in a difficult box. We don't have inflation, the economy is growing too fast, they are afraid it won't keep up, but it's hard for them to raise rates without any inflation on the doorstep.