These data suggest that a bottoming in economic activity is taking place, but that a bit more inventory adjustment is needed to insure a re-acceleration in growth,
More Quotes from Steven Wood:
With last week's Fed tightening, mortgage rates have continued to rise, so that further declines in housing activity are likely over the balance of the year. Nevertheless, robust labor markets and rising incomes have helped sustain housing at a relatively high level.Steven Wood
Slack demand and intense competition are preventing companies from raising prices.
Steven Wood
Inventory building is slightly stronger in January and February than it was in 4Q, suggesting that inventory investment is likely to add modestly to Q1 GDP growth.
Steven Wood
Higher interest rates have been weathered by home buyers through the use of adept home financing techniques. Nevertheless, the resilience in the housing sector will support further monetary tightening by the Fed.
Steven Wood
Inventories are going to be largely neutral for economic growth in the third quarter. In the fourth quarter, as businesses ramp up production to rebuild inventories, that will mean more hiring, more production and a stronger economic environment.
Steven Wood
New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell. Continuing claims have been ratcheting steadily higher. Labor market weakness remains.
Steven Wood
Readers Who Like This Quotation Also Like:
Based on Topics: Economics Quotes, Place QuotesBased on Keywords: re-acceleration
Being in the studio is like painting, you know, you can really take your time, and try different things, and kind of go deep into it.
Rosanne Cash
But Madonna has a small amount of talent when it comes to movies.
Norman Jewison
Some things must be good in themselves, else there could be no measure whereby to lay out good and evil.
Benjamin Whichcote