It could raise expectations of a pause (in Fed interest rate hikes) after the August meeting,
More Quotes from Anthony Chan:
One of the pillars of strength of the housing market is the fact of the tax-advantaged nature of the asset. To the extent that you chip away at that, you would see housing somewhat negatively impacted.Anthony Chan
Consumers at this juncture are fighting the forces of economic slowdown with patriotism, ... As economic conditions continue to deteriorate, this challenge will become greater.
Anthony Chan
Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)
Anthony Chan
These jobless claims figures strongly suggest that any discussion of a runaway economic recovery have been greatly exaggerated, ... Instead, what we see here is a recovery that continues to face significant headwinds emanating from the employment front.
Anthony Chan
This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession.
Anthony Chan
With high productivity and low inflation, expectations of long periods of prosperity are very reasonable.
Anthony Chan
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