It is never a happy day for the Fed when GDP is revised down and inflation is revised up.
More Quotes from Stephen Stanley:
The Fed can not be comfortable with the pace at which the labor market is moving tothrough full employment. Let the wage acceleration begin.Stephen Stanley
The employment number will be the key for the stock market next week.
Stephen Stanley
While housing demand will probably continue to moderate from the torrid pace seen in the last few years, housing starts should remain well-supported in the coming months, as builders' backlogs remain near record levels and rebuilding along the Gulf Coast will eventually boost activity.
Stephen Stanley
The U. S. economy is simply stronger than that of most of our trading partners and modest currency movements have proven insufficient to remedy the balance.
Stephen Stanley
Today's report should convince most market participants that the March softness in the data was primarily a one-month phenomenon. Sounds like a recipe for continued 25 basis-point rate hikes for the foreseeable future.
Stephen Stanley
It is definitely clear that (housing) is one area where you will see less growth,
Stephen Stanley
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