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.
More Quotes from 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
All eyes will now shift to next week's employment report. The figures we've seen over the past few weeks suggest it will be quite weak. The report may be enough to push the Fed into giving the economy another shot in the arm at their next meeting.
Oscar Gonzalez
Before the Fed went ahead and raised by a half-point, it would probably choose to eliminate the measured language.
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
The numbers reflect a little bit of the unwinding of consumer spending, ... It's not all of that was unexpected, given the (weak) figures we had on retail sales.
Oscar Gonzalez
Readers Who Like This Quotation Also Like:
Based on Keywords: overheatingMost films I've worked on have had large casts, but they've been wonderful people. I think the monkey in Pirates of the Caribbean is the most temperamental costar I've had. It would throw tantrums like you wouldn't believe.
Geoffrey Rush
No one can possibly achieve any real and lasting success or 'get rich' in business by being a conformist.
J. Paul Getty
Nobody realizes that some people expend tremendous energy merely to be normal.
Albert Camus