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.
More Quotes from Oscar Gonzalez:
Until businesses feel a real need for more hands-until productivity alone won't allow them to reach their earnings goals-they won't begin hiring.Oscar Gonzalez
The longer we go along this path, the clearer it becomes that the Fed may have to jolt consumers and investors with a more aggressive policy,
Oscar Gonzalez
Since the economy is softening, I expect inflationary pressures to subside. The door is still open for the Fed to continue easing rates, as necessary.
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
The good news is that we're moving, albeit slowly, in the right direction and there are signs of further improvement on the horizon,
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
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