This confirms fears that the economy was growing slowly, but it doesn't absolutely mean we are headed for a double-dip recession.
The fears we had that growth was pretty soft and fungible are basically coming out; that's what the data are showing.
That's a great number that basically calms a lot of the fears out there.
I think there were some significant fears that the CPI could come in above 0.2 percent. Given what we read in the Federal Reserve minutes, there was no room for error on core in the eyes of the market.
This report should soothe the fears of monetary policy-makers who are trying to adjust policy to prevent the economy from overheating.
This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession.