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Quotations
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Steven Wood Quotes
«This stronger consumer sentiment may yet translate into solid core consumer spending for the holiday season.»
Author: Steven Wood
«Despite improving international economies, the strong dollar is limiting the expected rebound in exports.»
Author: Steven Wood
«The gentle slowing trend that had been in place for much of 2005 appears to have been halted and partially reversed. However, like many other economic relationships, the one between the index of leading indicators and subsequent economic growth has loosened significantly in recent years.»
Author: Steven Wood
«Although mortgage rates have declined over the past three weeks, mortgage applications volumes have continued to fall. This is partially due to the flat yield curve and partially due to tighter lending standards by financial institutions.»
Author: Steven Wood
«Consumer optimism climbed higher in December after soaring in November. This followed huge back-to-back declines in the aftermath of Hurricanes Katrina and Rita and the associated surge in energy prices.»
Author: Steven Wood
«While these data will be welcome by the (Fed), two key questions remain, ... Will the second quarter spending slow down extend through the rest of the year? Economic fundamentals suggest they will. And will the spending slowdown be sufficient to relieve pressure on labor markets and inflation? At this point, that is still an open question.»
Author: Steven Wood
«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 (Federal Open Market Committee, the Fed's policy-making arm) will look at these data as being benign, ... No change in interest rates is expected at next week's meeting although the committee will retain its bias toward tightening.»
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
