We're still weak compared to where we were a year ago, but people are a little bit more optimistic about the future,
More Quotes from Gary Thayer:
It looks like consumers are feeling at least better about the current situation. But I still think there is a lot of uncertainty about the future. The geopolitical news is not very comforting.Gary Thayer
These numbers show the economy is indeed in recession, and they leave the door open for the Fed to cut rates again.
Gary Thayer
The weakness was primarily in the residential area. That's consistent with the other data we've seen recently that suggest that the housing market is cooling off.
Gary Thayer
The decline in the prices paid component is good news. It looks as if we're seeing some moderation in pricing pressures, but not a significant drop.
Gary Thayer
Growth is still at a healthy level. There is no major slowdown.
Gary Thayer
It speeds up the time that the Fed will probably think about raising rates and that's negative for fixed-income.
Gary Thayer
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