Sherry Cooper Report Quotations

Today's report indicates that the sector is still robust and entered the second quarter with lots of momentum.

This report will not change the Fed's view on the inflation outlook -- they will keep rates low for still some months to come.

This report does not give the Fed clear guidance that core inflation's rise in the PPI is topping out. It does, however, hint in that direction.

While this report yielded few surprises, it simply highlights the relentless strength in the economy and provides more ammunition for the Fed to continue tightening policy,

While the rise in core prices is a bit uncomfortably high, this stand-alone report is not evidence that soaring energy prices are feeding into other prices.