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David Sloan in Wikipedia
A much stronger-than-expected showing -- the late September incentives after a poor start to the month had a large impact. This should ensure firm Q3 consumer spending data.
~ David Sloan
The jump in activity was a little surprising given that mortgage rates have been rising, but on a week-to-week basis the index can be volatile. Higher rates will eventually send the index lower.
I don't think we did the wrong thing. We spent a long time on this. We consulted experts. We looked at it ourselves, and looked at the totality of the circumstances and we didn't see anything egregious.
It's probably going to knock about 0.4 percent off GDP revisions for the fourth quarter.
The looming war is boosting oil prices. That is feeding through to gasoline. But energy prices really only started to accelerate sharply toward the end of January. So the boost to the February CPI should be quite sharp. In January, the effect was more modest but still noticeable.
It's tough love. They know I care.
~ Leo Nesmith
People associate inflation targeting somewhat wrongly with rigidity. His theme as an academic was how to depersonalize this whole process.
~ Raghuram Rajan
Success is often achieved by those who don't know that failure is inevitable.
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