As it stands right now, we're looking down to about 2.5 percent GDP growth in the second quarter and third quarter, which is perfect for what the Fed would want. That would really play into them well and certainly avoid any rate hike.
More Quotes from Richard Yamarone:
Inflation pressures are rising, but at a subdued pace.Richard Yamarone
It's not all roses in the labor market. I think the worst is behind us, but we're more likely to have flat, or sideways, movements in job creation for the next year, year and a half.
Richard Yamarone
Make no mistake about it. Inflation is building in the pipeline. It is no longer a matter of if, but when, those price pressures will start to affect the general price level.
Richard Yamarone
We caution investors one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
Richard Yamarone
As the economy goes, so, too, goes job creation.
Richard Yamarone
By historical comparison, theres not an economist on the street that can call housing weak right now. If this is the soft patch, its pretty darn good for a soft patch.
Richard Yamarone
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