It still shows a pretty healthy economy at this point. The manufacturing side of things and business spending will be good this year.
More Quotes from Gary Thayer:
Today's numbers show that consumers are not very optimistic about the economy. As a result, we will see consumer spending reduced until we see some relief on energy prices. If we don't get some relief, it looks like it will be a very weak holiday season.Gary Thayer
So core inflation is still rising slightly but doesn't appear to be a problem, and I think this is good news for the Federal Reserve . With energy prices declining it reduces the risk that fuel costs will be passed on to consumers.
Gary Thayer
The bond market took the GDP number positively, ... It had expected stronger growth and some people may now be reminded that the Fed will not be quick to raise rates.
Gary Thayer
It suggests the Fed is going to be watching closely to see if it is time to start taking back rate cuts. I don't think he is saying that is imminent, but his tone is that it might be sooner rather than later.
Gary Thayer
We did see a big recovery in (producer) prices, but that was primarily in energy. Core prices increased only modestly and that's good news for the Fed.
Gary Thayer
Now that we're in a more open economy, and there's a lot more opportunity to get goods from overseas, if manufacturers are operating at full capacity, there's less likelihood that somebody will bid up prices at a domestic producer if they can get it somewhere else.
Gary Thayer
Readers Who Like This Quotation Also Like:
No one perfectly loves God who does not perfectly love some of his creatures.Marguerite de Valois
Almost everyone thinks they are a good person, but the question you should be asking is, am I good enough to go to Heaven? How would you know?
Candace Cameron
Still, we view that old material very much like we view the new material so if this gives us a chance to go out and promote it then, yes we will go out and do that.
Geoff Downes