It was exactly as the market expected, with them commenting on both the overall good news and the modest areas of weakness left in the economy. The Fed is on hold until August.
More Quotes from Drew Matus:
I would have thought people would have changed their earnings expectations given that higher rates were expected to slow growth. The expectation all along was that because of productivity growth, companies would be able to keep boosting their profit margins, even if they weren't producing as much in goods and services, but that's obviously is not the case.Drew Matus
The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.
Drew Matus
People are trying to figure out how serious (the report) Homeland Security doesn't have anything on its Web site.
Drew Matus
With income growth strong and the labor market set to tighten through 2006, the overall growth outlook should remain robust.
Drew Matus
The factory orders report shows that the first two months of the fourth quarter were not especially a great time for manufacturers.
Drew Matus
We expect the recent jump in retail gasoline prices to push down confidence. Optimistic views around the labor market will likely offset some of the gasoline sticker shock.
Drew Matus
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If your experiment needs statistics, you ought to have done a better experiment.Ernest Rutherford
Unlike a drop of water which loses its identity when it joins the ocean, man does not lose his being in the society in which he lives. Man's life is independent. He is born not for the development of the society alone, but for the development of his self.
B. R. Ambedkar
The overwhelming majority of Americans are possessed of two great qualities a sense of humor and a sense of proportion.
Franklin D. Roosevelt