Dan Celia: Will This Week’s Economic Data Bring Concerns About Inflation?
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is talking today about this week’s expected economic data—some of it very important, particularly the numbers dealing with inflation.
Celia discusses these and other economic headlines on his daily, three-hour “Financial Issues” program, heard on over 640 television and radio stations nationwide.
“Inflation seems to be a concern by many,” Celia said. “I am concerned as well. Some are indicating we haven’t seen inflation like this for a very long time. We also haven’t seen growth in the economy for a very long time, and it’s hard to have inflation when you have no growth. Sometimes some inflation is very healthy and a needed part of a growing economy. That aside, we don’t want to see hyper-tight inflation, and that may be the fear if we don’t see resolution on the trade situation. We’ll know a bit more about that in the next two weeks.
“We’re also looking at the very beginning of earnings season,” Celia continued. “So, yes, we will be focused on Consumer Price Index and Producer Price Index. But we will also see the NFIB small business index. That will likely be a very good number well into the triple digits. Job openings are not something I have typically paid much attention to over the years, but lately I have, because these numbers have been off the charts and that’s been a very good sign.”
Also this week, Celia added, analysts will look at the productivity index—an important number that should be in positive territory.
“Consumer sentiment numbers will also be out on Friday, and right now these numbers are expected to be good,” he said. “But we do have to worry about gasoline prices so we’ll be watching oil closely all week long, I suspect.”
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.