With consumers spending a little less and business investment likely to slow, that will translate to a bit slower growth for factories.
More Quotes from Joel Naroff:
This is somewhat consistent with the view at their last meeting that things were slow, ... They're sending the word that they're still worried about weakness and that their bias is going to stay there.Joel Naroff
If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve, ... If they cut by 25 basis points, I don't think it shows up in the rest of the curve.
Joel Naroff
The decline in new home sales in January makes it clear that there is some real softening in the housing market.
Joel Naroff
Because it was such a big change, out of the blue, my caution is just to say, let's wait a second, ... Maybe we should sit back, digest this number and see what comes of it.
Joel Naroff
The economic recovery sure looks to be here, but once Fed officials recognize that fact, rates, including the fed funds rate, could jump, ... That is the box the FOMC has gotten itself into with their statement that policy accommodation can be maintained for 'a considerable period.'
Joel Naroff
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