The hourly earnings numbers are soft obviously in January, but if you look at it on a three-month trend, in fact, you still find hourly earnings running at something like a 5-percent annualized rate, ... So I don't think that's going to sway the Fed's fear on the wage front completely.

Alan Ruskin

Related Quotes

The data should tend to encourage views that the Fed is correct and that inflation looks to be contained.

— Alan Ruskin

The data will certainly encourage views of a truncated Fed tightening cycle.

— Alan Ruskin

The problem with inflation targeting is that it carries with it a risk of less flexibility at times, and that could be problematical. But it also makes policy less of a black box, so policy is likely to be more transparent.

— Alan Ruskin

For the Fed, I don't think it changes much. It's not weak enough that it would change their measured tightening path.

— Alan Ruskin

It is not a big surprise, some of it is kind of a backlash to this saw-tooth pattern that we have seen in durable goods in the past -- July was weak and August was very strong and now September is relatively weak.

— Alan Ruskin