The Fed can not be comfortable with the pace at which the labor market is moving tothrough full employment. Let the wage acceleration begin.
More Quotes from Stephen Stanley:
But certainly the market should be focused on the core number, since that's what the Fed looks at. We're looking for an 0.2 percent increase, which wouldn't cause a big reaction in the market.Stephen Stanley
Ironically, with all this strength, the net effect of these data on the fourth-quarter GDP number could be flat or possibly even marginally negative. This is because durable goods inventories were flat, which should more or less offset the positive influence of the stronger-than-anticipated December shipments figures. For first quarter GDP, however, these data are unambiguously positive.
Stephen Stanley
The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.
Stephen Stanley
One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990.
Stephen Stanley
The consumer never really missed a beat, and now attitudes are beginning to catch up to reality. Once again, watch what they do, not what they say.
Stephen Stanley
We've had this pattern of strong month, weak month lately. May numbers were weaker and the expectation is for June numbers to be stronger.
Stephen Stanley
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Based on Topics: Labor Quotes, Work & Career QuotesA little sincerity is a dangerous thing, and a great deal of it is absolutely fatal.
Oscar Wilde
The memories stayed with him for so long, and stayed vivid. And it didn't matter to me that he'd already repeated that before. I could hear it forever.
Patti Davis
Go by your own conscience.
Steve Chabot