It's extremely important. I think it's going to have an important bearing on what the Fed decides to do with its monetary policy.
More Quotes from Michael Moran:
The consumer sector has been among the strongest in the economy and I think that's the area that (Fed Chairman Alan) Greenspan and company are really worried about.Michael Moran
Without question, the rate changes by the Federal Reserve will have influences on peoples lives. Borrowing rates are going to go up for things like car loans and mortgages. All of these things will influence the individual.
Michael Moran
We don't want to see any so-called 'accidental' damage done to the historic part of the hospital.
Michael Moran
Low claims for unemployment insurance suggest that demand for labor is strong, and thus non-farm payrolls should expand briskly.
Michael Moran
I am looking for a 25-basis-point increase in the federal funds rate. The primary reason is because the unemployment rate has moved to a low level, and that low unemployment rate is starting to push the growth of wages higher. That is an early warning sign.
Michael Moran
Manufacturing was going strong before Katrina hit and the ISM report told us Katrina didn't have much effect on activity across the nation. The economy is likely to remain on a solid growth track.
Michael Moran
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