The labor market is very healthy, with both jobs and wages advancing at a nice clip. This means that households will have plenty of cash to support consumption in 2006.
More Quotes from Stephen Stanley:
Today's report should convince most market participants that the March softness in the data was primarily a one-month phenomenon. Sounds like a recipe for continued 25 basis-point rate hikes for the foreseeable future.Stephen Stanley
The factory sector appears to have begun the year on a solid note, no doubt bolstered by the surge in new orders seen at the end of last year.
Stephen Stanley
The consumer never really missed a beat, and now attitudes are beginning to catch up to reality. Once again, watch what they do, not what they say.
Stephen Stanley
If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.
Stephen Stanley
It is never a happy day for the Fed when GDP is revised down and inflation is revised up.
Stephen Stanley
We're in a pretty quiet time of the year. We've been pretty directionless today. Oil hasn't been doing much.
Stephen Stanley
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