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Letter "S" » Steven Wood Quotes
«The (Fed policy makers) will welcome this data as providing further confirmation that the slowing of economic growth in Q2 (the second quarter) has been extended into Q3.»
Author: Steven Wood
«The FOMC will be pleased with this report.»
Author: Steven Wood
«The FOMC is smiling, as their preferred scenario is largely unfolding.»
Author: Steven Wood
«Slower output and employment growth is dampening real income gains, which in turn is slowing spending. Although the monthly data continue to be quite volatile during this transition period, the underlying trends are unmistakable -- the economy is slowing from its torrid pace.»
Author: Steven Wood
«Given (Federal Reserve Chairman Alan Greenspan's) concerns regarding consumer attitudes this development has to be seen as worrisome.»
Author: Steven Wood
«These data clearly show consumer attitudes at recessionary levels.»
Author: Steven Wood
«These data, combined with everything else that has been reported, suggest that Q1 GDP should rise comfortably above 1.0 percent.»
Author: Steven Wood
«Housing fundamentals are deteriorating. Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.»
Author: Steven Wood
«With a longer-term view, layoffs have accelerated, job creation has slowed, and joblessness has increased.»
Author: 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.»
Author: Steven Wood
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