It's a little more evidence that growth in the economy has downshifted a bit, but that's what happens when higher energy costs take money from people's pockets.
More Quotes from Dana Johnson:
The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.Dana Johnson
The next two years are going to be a real watershed for them. They absolutely must demonstrate they can stabilize their market share, because cost-cutting is not enough.
Dana Johnson
I was really encouraged to see the rebound in activity in June and July. The local economy looks much healthier this summer than it did this past spring. However, a clear up-trend is not yet in place and probably will be slow to develop given the punishing level of energy prices and the prospect of more consolidation in the auto industry.
Dana Johnson
This is a crystal clear indication that the labor markets are very healthy and it reinforces the notion that the economy is growing in a healthy, sustainable way.
Dana Johnson
I don't think one 50 basis point move (by the Fed) is likely to be enough. It's going to be very hard for the stock market to move ahead. Profit margins are not going to be expanding. There's going to be nothing to offset the higher interest rates.
Dana Johnson
They're a little disappointing if you're looking for a strong labor market, but nothing dramatic.
Dana Johnson
Readers Who Like This Quotation Also Like:
When love beckons to you, follow him, Though his ways are hard and steep. And when his wings enfold you yield to him, Though the sword hidden among his pinions may wound you.Khalil Gibran
There are three signs of senility. The first sign is that a man forgets his theorems. The second sign is that he forgets to zip up. The third sign is that he forgets to zip down.
Paul Erdos
Politics is so much about serendipity that we've got to have a bigger pool of women, so that when people drop out of the process, you've got others to turn to.
Eleanor Clift