Momentum in the leading indicators has slowed over the past year, suggesting an impending slowdown in economic growth.
More Quotes from Steven Wood:
Graham Machinery Groups goal is really not to have the infrastructure to support every small little company in the world, but to have more strategic relationships of value, with responsible growth.Steven Wood
Labor markets are very strong and payroll employment should rise by 200,000 or more in February. The Federal Open Market Committee will continue to raise interest rates.
Steven Wood
While good gains in productivity are economically favorable, it is not a good situation when this occurs because labor input is declining more rapidly than output.
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
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
The FOMC (Federal Open Market Committee, the Fed's policy-making arm) will look at these data as being benign, ... No change in interest rates is expected at next week's meeting although the committee will retain its bias toward tightening.
Steven Wood
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I had changed from being a mathematician to a practicing scientist. I was increasingly embarassed that I could no longer follow some of the more modern branches of pure mathematics.
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