Energy prices do matter, especially to the public's perception of inflation.
More Quotes from John Ryding:
With the Fed maintaining an economic-weakness bias, Greenspan is more likely to be concerned with the signs of further economic weakness in this report rather than worrying about the increase in average hourly earnings.John Ryding
This means people will be able to go out and refinance their house where they may not have been able to do before and I think that we have to remember this isn't over. I suspect the Fed will cut rates again in November and that will continue to keep a lid on borrowing costs and hopefully will compensate for some of the lack of credit flows to corporations that problems in the bond market have caused.
John Ryding
The decline in productivity was a quirk of the slow growth of GDP in the fourth quarter, which we expect to rebound in the first quarter.
John Ryding
Housing construction looks to be another area that is likely to contribute significantly to growth in the first quarter and we remain comfortable with our projection of 5 real gross domestic product growth in the first quarter.
John Ryding
Although we expect consumer spending to slow sharply in the fourth quarter, to below 2 percent, as a result of lower auto sales, we expect that GDP will still edge back above 4 percent on an inventory rebound, higher business spending, and hurricane recovery spending.
John Ryding
Although the retail sales report was not as weak as expected, it does not change the picture of slowing consumer spending growth, especially since the auto sales data do not reflect Detroit's reality.
John Ryding
Readers Who Like This Quotation Also Like:
Based on Topics: Energy QuotesKeep on beginning and failing. Each time you fail, start all over again, and you will grow stronger until you have accomplished a purpose - not the one you began with perhaps, but one you'll be glad to remember.
Anne Sullivan
I have invented the Thermometer style.
Josef Albers
I am what libraries and librarians have made me, with little assistance from a professor of Greek and poets.
Heraclitus