The new Fed chair will be tested right off the bat. The economy is slowing, though clearly not as rapidly as the headline number would have you think. ...At the same time, inflation is slowly accelerating.
More Quotes from Joel Naroff:
Any way you cut it, inflation was not well contained in March.Joel Naroff
You're seeing a situation where the consumers are spending every penny they possibly can and borrowing on top of that.
Joel Naroff
Manufacturing has been solid and continues to be so. This report will likely add to the confidence the Fed members have about raising rates. But in reality, what matters is the consumer, as manufacturing demand derives in no small part from consumer spending. That is still an issue.
Joel Naroff
With inflation this tame, the Fed will be in no hurry to raise rates,
Joel Naroff
We saw decent exports here. The weak dollar is beginning to have its effect. I think that will continue to happen, although I really don't expect the trade deficit to narrow until the end of this year if at all.
Joel Naroff
Some people are being turned off by the high house prices and they just can't pull the trigger. Without question that's causing some people to think twice about buying.
Joel Naroff
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesThroughout the evening I would be recording these long saxophone delays and about four hours into the concert, if I wanted to take a break I would just play back the saxophone.
Terry Riley
If you look back today over the last 25 years, it is a fact that we have had a progressive degeneration of our intelligence community in general; in particular in the field of human intelligence.
Paul Bremer
I have this theory- that if we're told we're bad, then that's the only ideal we'll ever have.
Jewel