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Joel Naroff Quotes
«Almost all the intermediate level goods are rising, and rising sharply. Commodity prices are on the rise, there is no doubt about that. Finally, at the crude level, just about everything is increasing, ... This is not that tame a report.»
Author: Joel Naroff
«If this report is supported over the next few months, then a summer increase in the funds rate is very possible.»
Author: Joel Naroff
«The rate increases will start off slowly, but if inflation keeps accelerating, all bets are off afterward.»
Author: Joel Naroff
«should not pressure the Fed into raising rates at more than a measured rate.»
Author: Joel Naroff
«Because it was such a big change, out of the blue, my caution is just to say, let's wait a second, ... Maybe we should sit back, digest this number and see what comes of it.»
Author: Joel Naroff
«If we sustain these numbers, that's worrisome.»
Author: Joel Naroff
«Energy costs have been so high for so long that businesses aren't confident anymore that they'll fall or fall significantly, ... It's made them look toward trying to push through some smaller price increases.»
Author: Joel Naroff
«But inflationary pressures are not going away, so the Fed will likely raise rates tomorrow and on December 13th and early next year,»
Author: Joel Naroff
«Whatever impacts Katrina had in September were wiped out in October and the nation's service and construction industries are moving ahead smartly,»
Author: Joel Naroff
«The underlying trend looks to still be in the 200,000 (jobs per month) range, ... And if that is correct, conditions are okay, really.»
Author: Joel Naroff