This is a sign of optimism the expansion will continue and it's consistent with move up in stock prices.
More Quotes from Anthony Crescenzi:
There were rumors that the Fed might cut rates today, but of course they did nothing.Anthony Crescenzi
They could have said there's a clear acceleration in economic activity currently under way, but it remains at risk of weakening or reversing, owing to the labor market and other factors. To leave it out completely doesn't make any sense to me -- it's as if they think the market's full of dummies.
Anthony Crescenzi
The inflation news due out on Friday with the producer price index and next Tuesday with the consumer price index will probably be unfriendly,
Anthony Crescenzi
Expectations are one of the biggest parts of the inflation process,
Anthony Crescenzi
When businesses begin to believe that others are raising prices, they raise prices, too, ... That will have to be arrested by the Fed, and the only way to do it is sooner rather than later.
Anthony Crescenzi
What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
Anthony Crescenzi
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Based on Topics: Optimism Quotes, Sign & Symbol QuotesNone speak of the bravery, the might, or the intellect of Jesus; but the devil is always imagined as a being of acute intellect, political cunning, and the fiercest courage. These universal and instinctive tendencies of the human mind reveal much.
Lydia M. Child
Whether the angels play only Bach praising God, I am not quite sure. I am sure, however, that en famille they play Mozart.
Karl Barth