We could very much be close to the peak at this time.
More Quotes from Lynn Reaser:
We expect the 12th consecutive increase in the target fed funds rate and really no change in the tactics deployed in recent meetings.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
Statistics do lag changes in the economy. I believe we will be migrating to one economy that will be a new economy as many companies that have been around for years embrace some of the newer technology.
Lynn Reaser
This is very good evidence that the interest rate hikes are working,
Lynn Reaser
But we do believe there is a light at the end of the tunnel.
Lynn Reaser
Americans are saving very little out of their current income. The primary vehicle that's doing the savings for households is their home.
Lynn Reaser
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