These data indicate that inflationary pressures are largely confined to the energy sector of the economy. Moreover, because inflation is a lagging indicator of overall economic activity, the recent sharp slowing of economic growth should dampen inflation over the balance of the year.
More Quotes from 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
The data are heavily distorted by a large military contract and the surge in vehicle sales. Once these have dissipated, orders and shipments will sag again.
Steven Wood
The gentle slowing trend that had been in place for much of 2005 appears to have been halted and partially reversed. However, like many other economic relationships, the one between the index of leading indicators and subsequent economic growth has loosened significantly in recent years.
Steven Wood
Because the U.S. economy has slowed more sharply than the international economy, imports have been impacted more than exports, thereby narrowing the trade deficit.
Steven Wood
Manufacturing is mired in a deep, prolonged recession.
Steven Wood
With good productivity growth and low inflation, the Fed has room to lower rates even further, if needed.
Steven Wood
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Based on Topics: Balance Quotes, Economics Quotes, Energy QuotesBased on Keywords: dampen, inflationary, lagging
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