While the dissent came as a surprise, we certainly wouldn't read it as evidence of any sort of a significant split on the FOMC. - David Greenlaw Quotes
While the dissent came as a surprise, we certainly wouldn't read it as evidence of any sort of a significant split on the FOMC. David Greenlaw
 Surprise

More - David Greenlaw Quotes

Since we believe that the underlying state of the labor market is quite healthy, we would expect any negative weather- related impact on the February data to be recouped in March. - David Greenlaw Quotes

Since we believe that the underlying state of the labor market is quite healthy, we would expect any negative weather- related impact on the February data to be recouped in March.

David Greenlaw

 Believe
Certainly, current policy is ultra-accommodative and no policy-maker believes that it is consistent with price stability. - David Greenlaw Quotes

Certainly, current policy is ultra-accommodative and no policy-maker believes that it is consistent with price stability.

David Greenlaw

 
If the Fed has a bit of an itchy trigger finger, the ECI headline number gives them the excuse to go sooner rather than later. It does increase the odds of a tightening on Aug. 24. - David Greenlaw Quotes

If the Fed has a bit of an itchy trigger finger, the ECI headline number gives them the excuse to go sooner rather than later. It does increase the odds of a tightening on Aug. 24.

David Greenlaw

 
This is great news on the inflation front. It will be very difficult for the economy to generate any sustained rise in core inflation with unit labor costs showing such a high degree of restraint. - David Greenlaw Quotes

This is great news on the inflation front. It will be very difficult for the economy to generate any sustained rise in core inflation with unit labor costs showing such a high degree of restraint.

David Greenlaw

 
Virtually everything else in the report was quite strong. - David Greenlaw Quotes

Virtually everything else in the report was quite strong.

David Greenlaw

 
The economy has shown tremendous resilience in the face of energy prices so far. But this latest spike will have a noticeable effect in the next couple of months. - David Greenlaw Quotes

The economy has shown tremendous resilience in the face of energy prices so far. But this latest spike will have a noticeable effect in the next couple of months.

David Greenlaw

 Economy
The producer price numbers on Wednesday and the productivity number on Friday are the most important events we have ahead of the Fed meeting. There's still some uncertainty in the market about what the Fed will do and those numbers will be key to figuring that out. - David Greenlaw Quotes

The producer price numbers on Wednesday and the productivity number on Friday are the most important events we have ahead of the Fed meeting. There's still some uncertainty in the market about what the Fed will do and those numbers will be key to figuring that out.

David Greenlaw

 
The resilience of the consumer really shines through in this data. - David Greenlaw Quotes

The resilience of the consumer really shines through in this data.

David Greenlaw

 
Overall retail sales growth in December should be robust. - David Greenlaw Quotes

Overall retail sales growth in December should be robust.

David Greenlaw

 
I don't think the market is pricing in a big risk of a surprise. - David Greenlaw Quotes

I don't think the market is pricing in a big risk of a surprise.

David Greenlaw

 
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