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Quotations
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Steven Wood Quotes
«It's another straw on the camel's back toward higher rates, ... but it isn't the straw that breaks the camel's back.»
Author: Steven Wood
«These data are consistent with still-strong domestic and improving international economic activity.»
Author: Steven Wood
«We still expect economic activity to slow over the next several quarters as consumer spending slows further and housing declines more because of higher interest rates and energy costs. The absence of inflation will be welcomed at the Federal Reserve.»
Author: Steven Wood
«These data provide additional evidence that a soft-landing scenario is beginning to unfold, much to the (Federal Open Market Committee's) delight.»
Author: Steven Wood
«Increased demand in expanding economies abroad and continued robust conditions at home support the production outlook, given the low inventory environment. The Fed is sure to view the economy as expanding at too fast a pace now that manufacturing is coming back and consumption remains quite strong.»
Author: Steven Wood
«Clearly, the best news on inflation is past. These data show that households were spending aggressively last year and that there is a great deal of spending momentum coming into 2000. The Fed needs to tighten now, and they will.»
Author: Steven Wood
«[The numbers] are clearly good news for the Fed, ... Strong productivity numbers raise the economy's speed limit and dampen inflationary pressures, lessening the magnitude of the rate increases that the Fed would have to implement. The key question, however, is: what level of productivity growth is reasonable to assume for the future?»
Author: Steven Wood
«There is clear and strong evidence that the factory sector is expanding solidly,»
Author: Steven Wood
«The burden of higher interest rates will weigh down the housing industry further. This, in turn, should lead to moderated residential construction and home related consumer spending on goods such as furniture, appliances, and home improvement items in coming months.»
Author: Steven Wood
«Despite the brief moderation in consumer attitudes, consumers appear to be spending heavily still, urged on by widespread hiring and income growth.»
Author: Steven Wood
