Results are coming in strong, but the market is concerned that this will not be sustained in the near future. There's still a lot of uncertainty, and demand for stocks is suffering because of that,
Some people are beginning to get concerned with the housing market. That is enough to put some pressure on home builders and home-improvement stocks.
They're still concerned about inflation. So I think we're in for at least one more rate hike, probably two. But things were put in a much more neutral tone.
The economy is quite strong and employment costs are rising, and that's what the Fed is going to be concerned about. ... it's a negative for interest rates. It's much more likely now, I think, that the Fed will raise the federal funds rate to at least 5 percent.
The report showed the economy is quite strong and employment costs are rising and that's what the Fed is going to be concerned about.