The economy is clearly strong right now, and that's what these numbers reflect. In the short term, there's a risk people will pull back on spending, but that depends on how long gas prices stay high, and so far there's not much evidence the consumer is slowing down.
More Quotes from Stephen Stanley:
The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.Stephen Stanley
We are seeing some improvement in foreign economies, but the imports are just so much bigger than exports you would have to have a big slowdown in U.S. demand to really make a difference. I don't expect to see any big improvement in the near term.
Stephen Stanley
I do not expect to see the Fed let its guard down on inflation any time soon even though the worst fears of energy pass-through have not come to pass.
Stephen Stanley
The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.
Stephen Stanley
Productivity rises could be more modest going forward, since hours worked should grow faster as job losses caused by the hurricanes are reversed. Fed officials will remain watchful of a reacceleration in unit labor costs.
Stephen Stanley
We expect productivity growth to moderate, and compensation gains and unit labor costs to pick up. Just another piece of the puzzle that points toward more Fed tightening than the market currently expects.
Stephen Stanley
Readers Who Like This Quotation Also Like:
Based on Topics: Danger & Risk QuotesI have no requirements for a style of architecture.
Michael Graves
I am, really, a great writer; my only difficulty is in finding great readers.
Frank Harris
As the leaders and decision-makers of this great state, it is our responsibility to strive for perfection.
Roy Barnes