Confidence is gradually recovering. The main issue has been gasoline prices and they've fallen back from their highs.
More Quotes from David Sloan:
The comments seemed reasonably hawkish. The Fed is concerned about inflationary pressures..It's certainly clear they are plan to continue to tighten.David Sloan
Housing is strong because of low interest rates. Because of the aftermath from Katrina, there will probably be a pickup in sales.
David Sloan
If growth is slowing because of a supply restraint, that would mean demand putting upside pressure on prices, making these remarks hawkish.
David Sloan
When the students come back the second year after working during the summer with the technicians, their whole attitude changes, not only toward the automotive side but the academic side of education.
David Sloan
People were unable to make claims because of the hurricane. The labor market will certainly take a short-term hit in the aftermath of the hurricane only if gasoline prices remain higher will the economy take a sustained hit outside of the affected regions.
David Sloan
I think it seems reasonably clear that there will be further tightening.
David Sloan
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