Next week's producer price index or consumer price index could tip the Fed in favor of a June hike if they're on the upside.
The problem was that we had earnings growing at a high multiple of economic activity, and that wasn't right. There was a considerable amount of pressure for companies to exaggerate economic activity, but the economy was doing just fine.
This week's CPI will seal (the Fed's decision). If we get a number at consensus or a little above, that'll tip it towards a June increase.
This week's CPI will seal (the Fed's decision), ... If we get a number at consensus or a little above, that'll tip it towards a June increase.