The general slowing in the growth of the leading indicators over the past year suggests the pace of economic growth should gradually slow over the next three to six to nine months.
More Quotes from Steven Wood:
Manufacturing is mired in a deep, prolonged recession.Steven Wood
The numbers are clearly good news for the Fed, ... Strong productivity numbers raise the economy's speed limit and dampen inflationary pressures, lessening the magnitude of the rate increases that the Fed would have to implement. The key question, however, is what level of productivity growth is reasonable to assume for the future.
Steven Wood
Consumers still remain optimistic about the future despite having some concerns about the present. This is very typical of a business cycle turning point,
Steven Wood
Despite the strength during the quarter, the period ended on a much weaker note, suggesting (second-quarter) growth is likely to be weaker. These data are unlikely to sway the (Fed) from easing again at (its) May 15th meeting.
Steven Wood
Manufacturing is still mired in a deep recession. Although vehicle production has stepped up to try to maintain a low-cost financing induced sales explosion, the rest of the industrial sector is hurting badly.
Steven Wood
Despite the loosening of the labor markets, income gains remain sufficient to support spending at a moderate pace.
Steven Wood
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