Chris Rupkey Quotes
As far as energy prices and core consumer prices, so far it is all smoke and no fire. Rising energy costs have not yet fed into the costs of other goods, despite many anecdotal signs that prices are being impacted. 
Tweet
Energy | Prices | Core | Consumer | Smoke |
comments powered by Disqus
This budget number is way out there; it was quite a shock.
- Chris Rupkey
This is consistent with the idea that slack resources have been taken up in the economy. There is considerable momentum and this is the sort of environment where inflation pressures can spill over and actually cause an increase in the rate of inflation, so it is a bit early for them (the Fed) to lay down their saber.
- Chris Rupkey