Josh Stiles Pressures Quotations

I think (the GDP and ECI figures) will tell the market that the economy is not cooling much and that wage pressures are building.

We still need to keep the inflation pressures from building or there will be a problem in the future.

The idea that's been gaining currency in the market is the Fed pause theory, meaning that the Fed raises rates 25 basis points in September and then, because inflation pressures are contained, they pause for a while, skipping a move in November and maybe even December. The (producer price index) data this morning kind of fed into that theory.