And the signs since the fourth quarter suggest growth picking up in the first quarter more strongly than most people had anticipated. So I would say the recovery is here.
More Quotes from Bruce Steinberg:
These problems have begun to improve, but they're far from resolved in terms of problems. So the Federal Reserve has got to keep moving.Bruce Steinberg
The complete lack of inflation puts the Fed in a bind. Recent remarks by Fed officials make it seem that they are hell-bent on tightening. But there is not much of a rationale that comes out of recent data.
Bruce Steinberg
We believe Thursday's remarks were enough to think that the Fed will take a 'wait and see' attitude rather than ease one last time.
Bruce Steinberg
As the job market gradually improves, it should easily support consumer-spending gains of at least 3.5 percent this year.
Bruce Steinberg
That's really going to tell the tale of whether the (U.S. Federal Reserve) will raise interest rates or not. It will probably determine whether August is a good month (for stocks) or not.
Bruce Steinberg
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