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David Orr Quotes

«The report will not comfort the Fed, despite the good headline data, ... The news further back in the pipeline was not good.»
Author: David Orr
«[The results] are great for builders, great for sellers of home building products and consumer household products, and great for growth, ... But, the dramatic strength in both units sold and in prices are both more fuel for a more aggressive Fed.»
Author: David Orr
«We seriously doubt this report will dissuade the Fed from a 50-basis-point hike today. But if the May 'core' report is also benign and May retail sales are only moderate, that could cause the Fed to take a pass at the June 28 meeting.»
Author: David Orr
«Given that the Fed has indicated this is a key number, that's very hopeful,»
Author: David Orr
«While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.»
Author: David Orr
«Although the July bounce is quite strong, it should not rock the boat in terms of the Fed. An annual rate [of retail sales increase] of 5 percent to 6 percent could, in fact, be considered the definition of a soft landing.»
Author: David Orr
«The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.»
Author: David Orr
«Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.»
Author: David Orr
«These numbers are as close to perfect as you can get from a Fed point of view.»
Author: David Orr
«The Fed did not lower the fed funds rate, but their statement indicates a 180 degree about-face in terms of their view of the risks facing the economy, ... It looks to me they're ready to do what they have to do when they have to do it. They just aren't exactly sure when they have to do it.»
Author: David Orr

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