Although the economy grew briskly, it is not leading to inflation pressure one has to worry about.

What we are seeing is a continuation of the relief that the Fed will fight inflation, but will do so gradually.

We have some inflation at the pipeline level, rising commodity prices, crude, material prices, things of that nature, but that inflation doesn't always get passed on to the consumer level.

Inflation is just not a problem in this economy.

Inflation is still moderate but this is about the outlook, and an economy that's doing well bears always risks.

The bond market is still behind the inflation curve. The inflation story continues to chip away at our economy and it doesn't seem to be getting any weaker.