Originally Posted by
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The January report can often be a substantial one -- and cause a lot of rethinking regarding rates and materials. However, the larger picture is that unless we get hot inflation, like a MOM increase to.4%, the Fed just doesn't have the ammunition needed to raise rate. Manufacturing remains slowing, or not expanding in its breakneck speed. Housing remains not looking good. Oil is currently easing off. That should provide.
Wage growth is perhaps the previous stand - if salaries rise, that can lead to inflation reliably.
It is still more likely that the Fed remains on hold for now, unless we receive a couple dangerously large CPI readings --.4% or even more.