The good news is that we're moving, albeit slowly, in the right direction and there are signs of further improvement on the horizon,
More Quotes from 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
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
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
While improving consumer confidence probably suggests downside protection against a slump in spending, it does not suggest we will see spending take off. We still need a sustained improvement in the jobs market, including a significant decrease in unemployment with a solid increase in real wages.
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
Inflation hawks may be eating crow today. Despite their fears of tight labor markets and a strong economy, inflation is only creeping, not accelerating. I don't think that this report assures that the Fed tightening cycle is over, but I wouldn't be surprised to see rising market expectations of a rate cut. With most prices in check and energy prices easing, this report is about as good as it gets.
Oscar Gonzalez
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesI want to tell you that if the Great Spirit had chosen anyone to be the chief of this country, it is myself.
Sitting Bull
In science fiction, you can also test out your own realities.
Theodore Sturgeon
We are Christians by the same title as we are natives of Perigord or Germany.
Michel de Montaigne