But we do believe there is a light at the end of the tunnel.
More Quotes from Lynn Reaser:
Companies are looking to expand profits more now through sales growth than cost cutting.Lynn Reaser
The revised spending number is more consistent with other data we have seen on consumer spending for May, including auto sales. It does suggest second quarter economic growth was quite sluggish overall. But we already knew that. It probably doesn't change the outlook for the second half of the year.
Lynn Reaser
This number shows that inflation is in a benign mode for the U.S. economy.
Lynn Reaser
We have basically an optimal present economic situation, with solid growth and benign inflation.
Lynn Reaser
The news makes people nervous about corporate management.
Lynn Reaser
He is keeping his options open, but he also is suggesting that we may not see a straight-line path for interest rates. I think he is trying to knock down the notion that the Fed could come to a stop and that the story will end there.
Lynn Reaser
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