Kenneth Broux Quotes (3 Quotes)

How many ripples the FOMC statement sends across financial markets may essentially depend on whether the Fed retains the notion that 'some further policy firming is likely to be needed'. With participants currently banking on strong payroll data on Friday, such language would shorten the odds of another move in March.

Services were quite strong, and the result confirms that they're still driving economic growth. There was a modest improvement in manufacturing, although there's still some concern it could drag growth lower.

This would imply that construction activity may contribute less to overall economic growth this year, and simultaneously add fewer jobs compared to the 260,000 average over the past two years.