I think we can look to several more months, if not years, of this kind of performance. This is a terrific inflation report - exactly the kind of thing we all like to see.

There is the pessimistic notion that this is not going to go away and that's going to have a more lasting impact on driving habits and behavior, I suspect, than we've seen so far.

This is the kind of thing that happens with economic data. In any given month, you have random variations in price trends Those random changes tend to offset each other.

It's going to take a lot more than one month to convince me we are in a worrisome trend.

It's as good as it gets. You've got low inflation, minimal wage pressure, great productivity, booming growth and strong demand.

One of these days, we're going to see an increase in non-farm payrolls for the manufacturing sector.