This is O.K. news on inflation, ... There is no major worry here. No components are rising rapidly.

My view on inflation is we'll continue to get reports like this, and the biggest numbers we'll get are 0.1s and 0.2s, ... U.S. consumers just turn it off when they see the prices go up, as happened last month with cars, so it's going to be hard for retailers to sustain any major price increases.

We had expected a rebound. Gasoline prices are down a lot, so that is good news, but they are still very high and that may be what is weighing on people's minds at this point.

Stocks are not expensive. There's a lot of bad news the market has shouldered. I don't see inflation as a threat at all.

The best news we've had was the rise in the target for inflation ... which leaves space for a cut in interest rates. The improvement abroad [Wall Street] was extremely welcome here, too.

The markets were wrong in the first place to worry about inflation, ... will not let inflation run out of control.