We had a strong start to the year, partly weather and consumer related, and now we're getting indications for the second quarter and they're looking moderate.
More Quotes from Elisabeth Denison:
The labor market has been robust. In the last month, we got a good payrolls report so that probably helped.Elisabeth Denison
It's a very small decline. It's definitely settling in a downtrend and all the information from the surveys and from that kind of data point to the labor market stabilizing and improving and we should see that in the payroll numbers.
Elisabeth Denison
I think people are starting to worry about winter heating bills, especially now the weather is starting to turn.
Elisabeth Denison
The Fed seems to think that this is a one-time adjustment.
Elisabeth Denison
A lot of it has to do with the labor market, the employment question is where it shows up. People are disenchanted with employment growth.
Elisabeth Denison
What it will do is push up first-quarter growth probably close to 5.0 percent, so a nice rebound from the fourth quarter.
Elisabeth Denison
Readers Who Like This Quotation Also Like:
Exercise to stimulate, not to annihilate. The world wasn't formed in a day, and neither were we. Set small goals and build upon them.Lee Haney
A single grateful thought toward heaven is the most perfect prayer.
Gotthold Ephraim Lessing
God tipped the country and all the fruits and nuts rolled west.
Mike Royko