Jim Sullivan Fed Quotations

I think the Fed wants the unemployment rate to stop going down pretty much immediately, and if it doesn't the Fed will keep tightening.

Inflation is obviously a little bit higher than expected. Food and apparel were up. This is not going to stand in the way of further Fed easing.

The Fed won't admit to reacting to one number.

Clearly the Fed wants to start prepping people for the possibility that they will be tightening later this year.

It shows that underlying inflation is still tame and only slowly edging up. That means the Fed can take its time hiking rates. The only question is whether it keeps moving at every meeting or takes a break now and then.