Growth is expected to slow next year, though, according to BNP Paribas.
When the market has been good before the ninth month, its poor rep doesn’t matter.
Leuthold strategist fears hot economy will push up inflation, threatening advance.
Even with core CPI the highest in 10 years, the number shouldn’t ‘spook’ the Fed, says Pantheon’s Shepherdson.
While pay raises are torpid now, expect a surprise at year-end due to tight labor markets, David Levy says.
He hopes to hit the sweet spot that keeps inflation, now 1.9%, in check.
Markets continue to anticipate muted inflation, and the Federal Reserve to contemplate rate hike in December.
Groups believe that Consumer Price Index-based inflation is actually closer to 8%, not 3%.