Anthony Chan Core Quotations

I think there were some significant fears that the CPI could come in above 0.2 percent. Given what we read in the Federal Reserve minutes, there was no room for error on core in the eyes of the market.

I think if we get another 0.3 rise in the core CPI, I think the Fed will want to draw line in the sand, ... The Fed statement shows there are a lot of anxious parties at that meeting willing to be (more) aggressive.

I think the (PPI and core PPI) numbers will make the Fed a bit more comfortable that the status quo is fine, ... The core PPI is the one they really care about. It's really telling us that the inflation story is not running away from us. That doesn't mean the debate won't be heated. But this number does tilt the apple cart.

We still see limited penetration into the rest of the economy. It's too early to say you're seeing pricing power to pass on the energy cost increases just because you saw just a jump in the core PPI number. The world has changed. In the old traditional world, whenever you had mature expansion, you had pricing power. Today with globalization, that's no longer the case.

Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)

The core (inflation measure), while it's up, still looks very contained. This just keeps the Federal Reserve interest rate hike engine humming along after June 30.

The headline number is encouraging, but if you strip out the volatile components and look at core growth, it's telling you we're turning the corner, but we're not running around the corner.

It's a little disappointing to see core up that much, ... I was hoping for surprise on the downside for core as we got in the PPI (Producer Price Index) yesterday.

It's a little disappointing to see core up that much. I was hoping for surprise on the downside for core as we got in the PPI (Producer Price Index) yesterday.

All the focus is on the core number. The Fed said yesterday that energy has not worked its way down to core consumer prices.