Patrick Fearon Core Quotations

If the core rate doesn't get out of hand and growth comes in moderate, at some point fairly soon the Fed could decide ... to stop raising rates.

The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.

Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.

The core PCE price index is a calming influence on the bond market. Inflation so far has far not gotten out of hand.

The core PCE price index is a calming influence on the bond market, ... Inflation so far has far not gotten out of hand.