Doug Porter Quotes
I think the overall picture is going to be one of extreme strength and the pool of labor is not getting any bigger... The Fed's concern is that wage increases will start outstripping productivity gains. So far that hasn't been a problem but that's what people are looking for in this week's report.
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Picture | Extreme | Strength | Pool | Labor |
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It clearly shows that the U.S. economy is very strong and isn't slowing down. That doesn't bode well for the possibility of inflation and it doesn't bode well for the outlook for the U.S. dollar.
- Doug Porter
