Mark Vitner Report Quotations

Today's personal income report had very good news on inflation.

So even if tomorrow's ISM report does not show anywhere near the weakness the Chicago report does, we could still see some follow through in the next month's numbers.

This may be the last bad PPI report we'll see for quite some time, ... This might be the height of this particular inflation scare.

This is the type of report we would expect to see, given the slowdown that we've already experienced in the economy, ... Companies don't have any pricing power, and if they don't have any pricing power, then inflation can't really be a threat.

I don't think there's much doubt the Fed will raise rates by a quarter point each of the next three meetings. Even a really strong report probably won't cause them to raise rates by a half-point.