The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
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If Greenspan really wanted to move more aggressively, but felt constrained by the market, he could have taken the opportunity given to him on a silver platter before he made those remarks,Anthony Crescenzi
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In a sense the market exhausted itself on the downside yesterday,
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It would be a mistake to get bearish on the consumer now. It's been a mistake to be bearish on the consumer for many years.
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There were rumors that the Fed might cut rates today, but of course they did nothing.
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Even though it falls outside of the survey period, it may be that an individual found a job during the survey period and so didn't have to file a claim in the following weeks, ... It tells a story about labor demand and suggests that has improved.
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Based on Topics: Business & Commerce Quotes, Cars Quotes, Majority & Minority Quotes, Tax QuotesBased on Keywords: big-ticket, rebates
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