Paul Christopher Quotes
PPI was better than expected, certainly on the overall number, and confirms the Fed's recent statements that inflation remains a secondary concern behind the weakness in the economy. 
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Expected | Number | Confirms | Statements | Inflation |
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The numbers today raise the odds of a rate cut in January. It looks good for purposes of wondering about the Federal Reserve and what it will do next; it is a signal the Fed is likely to move sooner rather than later.
- Paul Christopher
Not only is the economy slowing but it is a reminder that inflation risks diminish as the economy slows. It emphasizes that the Fed would be quite well justified for easing policy as early as next week, a move to a neutral bias with a rate cut being the next logical step in January.
- Paul Christopher