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Letter "S" » Steven Wood Quotes
«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.»
Author: Steven Wood
«Importantly for the Fed, the pace of real consumer spending slowed in March, and combined with early forecasts for lower vehicle and retail sales for April, suggests there is some scope for slower growth in the second quarter,»
Author: Steven Wood
«Although higher interest rates appear to have begun to have a negative impact on housing activity and consumer spending, sturdy domestic demand and improving international economies have generated an acceleration in manufacturing activity.»
Author: 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.»
Author: Steven Wood
«After adjusting for the storm effects, both initial and continuing claims appear to be near their pre-hurricane levels, indicating that labor markets remain strong despite the weak October payroll employment report.»
Author: 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.»
Author: Steven Wood
«Weakness in the composite index suggests that economic growth will slow over the next three to six months.»
Author: Steven Wood
«It doesn't necessarily point to another increase in rates for the Fed.»
Author: Steven Wood
«These data suggest that a manufacturing turnaround has not yet arrived.»
Author: Steven Wood
«Retail spending was much stronger than anticipated. Although some of these gains were due to post-hurricane spending, it appears that consumers are not yet ready to throw in the towel.»
Author: Steven Wood
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