Lara Rhame Quotes
You had big components down that should not be down, such as appliances, furniture and building materials. These should be stronger given the robust housing market. 
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Components | Appliances | Furniture | Building | Materials |
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I'm not presuming they'll be aggressively cutting rates [this year] if we see data turning around. But traditionally, the Fed holds rates low for a year and a half after a recession, and usually continues to cut throughout the beginning of a recovery.
- Lara Rhame
Everybody has to learn a little more economics than they want to learn, now that we're drawing more and more of a distinction between actual GDP and final domestic demand, which is GDP minus inventories... Inventories can surprise. It's hard to make a solid forecast about them, and the Fed said that. I think the market continues to overestimate Fed rate cuts.
- Lara Rhame