It's interesting because the economy is growing in real terms, so you would expect to see the markets frequently posting all-time highs, because the trend is (naturally) up.
More Quotes from Nigel Gault:
There is a risk that we will push up above 2 percent, not necessarily over the next month but sometime over the next few months. That will be a concern to the Fed.Nigel Gault
Companies have reached the limits of what they can do with their work forces. They have to hire more workers.
Nigel Gault
These figures suggest that growth is stable but not extremely strong. These figures should add to the conviction in financial markets that the Fed will soon be able to stop raising rates.
Nigel Gault
It is possible that the hurricanes that hit in August and September had a bigger impact on measured GDP growth in the fourth quarter than in the third. ... The hurricanes probably dragged on investment, too.
Nigel Gault
For a long time we've been looking for consumer spending to slow down, ... It's a question whether this is a trigger for a broader slowdown in consumer spending and the housing market.
Nigel Gault
We believe the numbers today are confirming our view that growth will be soft throughout the rest of the year.
Nigel Gault
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