Stopping at this point is off the table unless there is some unexpected piece of news like a sudden collapse in the housing market.
More Quotes from Oscar Gonzalez:
Consumers will continue to spend, and that will keep the economy chugging along for the next few months. But without some help, I worry that consumers could begin to falter later in the year. We need more business spending to fuel the economy's shift into a higher gear and sustain the recovery.Oscar Gonzalez
Inflation is on the mat and not getting up soon. With the U.S. economy still in a recession and economies around the world weak, demand is slack and resulting in no inflationary pressures at all. Simply put, no one can raise prices.
Oscar Gonzalez
Rising benefit costs are cutting into already lean corporate profits. This may cause businesses to further delay additional hiring, which is critical to boosting the sluggish economy.
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
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
Even though the numbers are soothing, the Fed still is on high alert for a future flare-up in prices,
Oscar Gonzalez
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesMost men, no matter how well or badly dressed, carry overstuffed, beat up wallets that should have been replaced years ago. Why is that? Every time I see a guy take out a wallet anywhere, it looks like a piece of old melted chocolate cake-with strings.
Jonathan Carroll
And I don't believe that melodramatic feelings are laughable - they should be taken absolutely seriously.
Rainer W. Fassbinder
When we are motivated by goals that have deep meaning, by dreams that need completion, by pure love that needs expressing, then we truly live.
Greg Anderson