The labor market has been robust. In the last month, we got a good payrolls report so that probably helped.
More Quotes from Elisabeth Denison:
We've got tightening resources but modest ... pressure on wages. So no reason to panic for the Fed, but certainly more reason for them to take rates a little higher.Elisabeth Denison
It did come in stronger, so that's probably good news in terms of consumer momentum as we go into the new year.
Elisabeth Denison
If the housing market is cooling at the same time as gasoline prices are picking up that could combine to create a perfect storm for consumer spending. This is something the Federal Reserve will watch very closely.
Elisabeth Denison
As long as the economic momentum remains strong, we believe they will still lean against inflation pressures with another rate hike.
Elisabeth Denison
It (the jobless rate) is probably at or slightly below the level the Fed is thinking is full employment, so it will strengthen their resolve to lean against inflation pressures. We expect another quarter-point hike in March.
Elisabeth Denison
The unemployment rate was the most important. It will strengthen (the Fed's) resolve to lean against inflation pressures.
Elisabeth Denison
Readers Who Like This Quotation Also Like:
One thing about being successful is that I stopped being afraid of dying. Once you're a star you're dead already. You're embalmed.Dustin Hoffman
What makes you a Christian is whether or not you really are in accord with biblical theology and whether you know Jesus Christ as your Saviour.
Walter Martin
An estimated 7 million illegal immigrants were residing in the United States in January 2000. This is double the size of the illegal immigrant population in January 1990 and constitutes 2.5 percent of the total U.S. population of just over 281 million.
Gary Miller