Even though the numbers are soothing, the Fed still is on high alert for a future flare-up in prices,
More Quotes from Oscar Gonzalez:
The report isn't so tame as to deter the Fed from bumping rates another notch, especially with Y2K fears dissipating and consumers showing no signs of fatigue. However, it should ease market fears that the Fed will need to tighten several more times.Oscar Gonzalez
The employment situation, which has the most direct impact on everyone's lives and outlook, is still precarious, and that's causing a lot of anxiety. They're worried about their jobs, but at the same time, I think they sense that this mild recession appears to be ending, and that will raise their hopes.
Oscar Gonzalez
Strong but moderating retail sales and improving productivity suggest an economy that should continue to grow while avoiding overheating, ... The reports would seem to make it less likely that the Fed will need to move again this year.
Oscar Gonzalez
Foreboding. That's the only word for today's report. We could be facing our worst case scenario rising inflation in a slowing economy.
Oscar Gonzalez
We are looking at a growth rate somewhere in between 6.5 percent and 7 percent at this point. I think it's really going to be up there.
Oscar Gonzalez
Readers Who Like This Quotation Also Like:
Based on Topics: Future QuotesBased on Keywords: flare-up
It was hard to watch, the business side is so big in the game.
Mats Sundin
This is your moment. You're meant to be here.
Herb Brooks