Steve Stanley Quotes on Mind (3 Quotes)

No one should have any false hope that the trade gap is going to narrow much or for very long, but at least the speed of the underlying deterioration is less than we thought.

All in all, this is significantly more hawkish than I suspect market participants were anticipating, ... Bond market players have been throwing around theories about a second half slowdown, with the June data creating a huge stir, but the Fed has almost not given that idea a second thought.

While many will be disappointed that we will not necessarily see huge upward revisions to payrolls ... a significant upward revision to wages would also be a positive development, as it suggests that consumers have more firepower than we thought.