And the main reason for that will be the job cuts that enabled firms to do a more effective job of holding down labor costs.
More Quotes from Henry Willmore:
If inflation were to slow down some more, that would put off the date of any further tightening. But if it's stable or rising, the Fed will focus more on job numbers. We think the labor market indicators will be fairly strong.Henry Willmore
It will be worth the trouble for investors seeking a turn in momentum to squint carefully at the data and notice that profits did not fall as much in the second quarter as they did in the first.quarter.
Henry Willmore
On balance, I'd say the numbers this morning were more good than bad.
Henry Willmore
This is a clear shift in U.S. policy and it probably indicates that the U.S. has received some concessions from Japan.
Henry Willmore
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