The recent movements in the index suggest only moderate economic growth over the next 6 to 9 months.
More Quotes from 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
This relative stability has been remarkable given the ebbs and flows in job creation, the equity markets, the conflict in Iraq, the election campaign, interest rates and gasoline prices.
Steven Wood
Greenspan seems to be a little more sanguine about inflation today than he was on Tuesday. Since there is no red flag of an early tightening by the Fed, it's almost a relief trade.
Steven Wood
The data are consistent with a sharp adjustment in manufacturing activity in response to slowing demand, ... With inventories relatively high and new orders weak, factory activity is likely to remain weak.
Steven Wood
This stronger consumer sentiment may yet translate into solid core consumer spending for the holiday season.
Steven Wood
The (Fed policy makers) will welcome this data as providing further confirmation that the slowing of economic growth in Q2 (the second quarter) has been extended into Q3,
Steven Wood
Readers Who Like This Quotation Also Like:
The president really shouldn't be involved in terms of dictating what course the investigation should take.Janet Reno
It's very liberating for me to realize that I don't have to step up to the plate with a plot that involves the U.N. Security Council.
Jonathan Franzen
Chess, like mathematics and music, is a nursery for child prodigies.
Jamie Murphy