Although productivity is not likely to return to the supercharged pace of last year, it is likely to settle in comfortably above the 1.5 percent average pace during the 20 years before 1995,
More Quotes from Steven Wood:
Despite a robust economy and tight labor markets, inflation is still low and steady. These data provide some relief for the Federal Open Market Committee.Steven Wood
The Committee is placing more weight on current data releases and, therefore, less weight on forecasts of economic activity and inflation. What I'm foreseeing is that the Fed is going to keep on tightening due to the economy being stronger in the first half of the year.
Steven Wood
As long as average job creation remains around or exceeds 200,000 and the unemployment rate continues to decline, the FOMC will continue to raise interest rates.
Steven Wood
Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month.
Steven Wood
With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.
Steven Wood
These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity, ... However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation.
Steven Wood
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Based on Keywords: superchargedAs we take stock of this century of achievement, Ulster Unionists have every reason to feel proud.
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I'm sorry my existence is not very noble or sublime.
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The Chancellor also in effect asks us to bargain away whatever obligation or interest we have as regards the neutrality of Belgium. We could not entertain that bargain either.
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