We are seeing a slowdown, but we're not necessarily seeing a slow economy, ... The Fed is still going to be on alert for inflation, and we're going to have to wait and see more evidence before we can conclude that it isn't a threat.
We are seeing a slowdown, but we're not necessarily seeing a slow economy. The Fed is still going to be on alert for inflation, and we're going to have to wait and see more evidence before we can conclude that it isn't a threat.
Every time you see a number that shows prices decelerating, immediately you have to think of sluggish re-hiring, ... It means companies will still be closely guarding the bottom line and will be slow to add to labor.
The consumer is finally winding down, ... We've seen income growth slow somewhat, and we have enough headwinds building that we can make a strong case for spending slowing markedly.
The consumer is finally winding down. We've seen income growth slow somewhat, and we have enough headwinds building that we can make a strong case for spending slowing markedly.