I suspect they will not have a neutral bias they will indicate risks are on the downside. I think we will, on the production side, see better numbers in the second half of this year, but I don't expect any convincing improvement in the labor market before early next year.
More Quotes from Wayne Ayers:
I think the Fed felt this was not the time to be cautious and conservative.Wayne Ayers
It's unclear what lower rates would do. If it's really true that productivity and structural changes are causing labor market weakness, it's not clear that another cut in rates would be helpful to the labor market.
Wayne Ayers
I think (Fed Chairman) Alan Greenspan has made it all but official, we'll get another rate cut in June, but my guess is a quarter point rate cut, principally because of what we're seeing on the inflation report. The CPI and PPI have been trending up over the last two years.
Wayne Ayers
Certainly those auto incentives were helpful in giving us that growth in the fourth quarter. But we have to remember that even outside of autos, the consumers have really hung in there. I don't think it's entirely a fluke. I don't think it accounts for the ongoing strength of the consumer.
Wayne Ayers
Inventories are at rock-bottom levels -- even if economic growth slows in the fourth quarter, those inventories will have to be rebuilt, otherwise businesses risk losing business.
Wayne Ayers
The second half will show some better growth. Will that be sustained past the second half For that, two things have to happen we have to see a pickup in business spending, and the labor market has to stabilize and improve, creating permanent employment. We don't expect to see that until year-end.
Wayne Ayers
Readers Who Like This Quotation Also Like:
Based on Topics: Danger & Risk Quotes, Labor QuotesI like to keep my feet on the sidewalk.
Joshua Homme
In our civilization, and under our republican form of government, intelligence is so highly honored that it is rewarded by exemption from the cares of office.
Ambrose Bierce
I have fun at work.
Carol Kane