>>> > > > THE SHUTTING BELL AT THE BRAND-NEW YORK STOCK EXCHANGE. AND ALL RIGHT DAY FOR THE MARKET. THE DOW JONES INCREASED 190 POINT. THE S&P 500 CLIMBED HALF A PERCENT POINT WHILE THE NASDAQ INCREASED 1 %. JOINING United States NOW IS ONE OF OUR FAVORITE PEOPLE TO DISCUSS THIS. THE HEAD OF STATE OF BANK PARTNERSHIP. SHE'' S ADDITIONALLY THE PREVIOUS SUPERVISOR OF THE DISTRESSED ASSET ALLEVIATION PROGRAM AT THE TREASURY DIVISION. GOOD TO HAVE YOU. WHAT WAS DRIVING THE MARKETPLACE TODAY AND DID YOU EXPECT IT TO GO SO WELL? >> > > AS YOU COMMENTED IT WAS A GOOD DAY. IT FEELS LIKE EVERYONE IS WAITING FOR THE NEXT FINANCIAL SIGN WHICH WILL CERTAINLY BE THE INFLATION LAUNCH ON THURSDAY. IT SEEMS MARKET INDIVIDUALS ARE STILL ABSORBING THE EXCELLENT JOBS NEWS. STILL ON A HIGH FROM THAT. ALL THE VARIOUS FEDERAL BOOK PRESIDENTS HAVE BEEN OUT WITH RISING COST OF LIVING.
IT REALLY FEELS EVERYBODY IS STANDING BY. >> > > BECAUSE WE ARE DISCUSSING THAT, WHAT DO YOU EXPECT? >> > > I RECOGNIZE THERE'' S A MARKET CONSENSUS THAT RISING COST OF LIVING WILL CERTAINLY BE DOWN CLOSER TO 6.5 % VERSUS 7 %. IT WOULD EXCELLENT TO SEE THAT RENOVATION. EACH TIME WE'' VE DISCOVERED WE CAN ANTICIPATE SOMETHING IN THE ANALYSIS CONTAINER COME IN ELSEWHERE. THIS IS LOOKING BACK AT DECEMBER. >> > > THERE ' S A LAG TIME WHEN THE FEDERAL BOOK ELEVATES RATE OF INTEREST AS WELL AS WHEN THEY BEGIN TO IMPACT THE ECONOMY AND THERE'' S A LIFETIME IN BETWEEN WHEN WE GET THE RESULTS. WHERE ARE WE IN THIS WAITING PERIOD? IT DOES SEEM THE RATE HIKES ARE STARTING TO TAKE RESULT GOING DOWN FROM 7 % TO 6.5 %.
CURRENTLY PERHAPS THE FED WILL CERTAINLY RELIEVE OFF THE GAS, IF YOU WILL. WHAT IS THE A LOT OF MOST LIKELY PROJECTOR? >> > >'IT ' S A GREAT INQUIRY. TRYING TO DETERMINE WHERE WE REMAIN IN THE CYCLE IN TERMS OF THESE INCREASES WE SAW. HOW ARE THEY SLOWING DOWN THE ECONOMY. IF YOU THINK OF BASEBALL, THAT'' S THE BIG INQUIRY. THAT HAS ACTUALLY SAID PASSION WILL INCREASE.
THEY'' VE BEEN CONSISTENT THAT THEY DON'' T THINK INFLATION IS IN CONTROL. THERE'' S ALWAYS A LAG AS WELL AS THAT'' S THE INQUIRY EVERY PERSON IS TRYING TO ASK THEMSELVES. YOU SEE IT FASTER IN THE REAL ESTATE MARKET THAN VARIOUS OTHER POINTS BUT CUSTOMER NEED IS STILL STRONG. >> > > AS LONG AS THE JOB MARKET REMAINS TO PERFORM AS OPPOSED TO ASSUMPTIONS, CONSUMER DEMAND IS UP, WE WILL ANTICIPATE RISING COST OF LIVING.
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