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Quotations
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Steven Wood Quotes
«In the past year, ... the number of people receiving state benefits has increased by more than a million. Although the pace of layoffs has eased, job creation remains nonexistent.»
Author: Steven Wood
«Although real consumer spending was strong it has slowed for two consecutive quarters and finished Q1 with very little momentum, ... In order to sustain recent strength in real consumer spending, job creation will need to accelerate further.»
Author: Steven Wood
«Layoffs continue to rise and job creation continues to slow,»
Author: Steven Wood
«Housing activity, which has contributed significantly to economic growth over the past 2-1/2 years, has now passed its peak and will be largely neutral to negative over the next several quarters, ... This slowdown will be welcomed at the Federal Reserve.»
Author: Steven Wood
«Although the level of sales is still relatively high, the solid growth of the past three years has been arrested, helping the Fed's efforts to slow the pace of economic growth, ... However, mortgage rates have declined over the last six weeks, so further substantial weakness may not be forthcoming.»
Author: Steven Wood
«With still strong domestic demand and improving international demand, the factory sector is continuing to recover from the sluggishness that resulted from the Asian economic crisis,»
Author: Steven Wood
«These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity, ... However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation.»
Author: Steven Wood
«It's unclear whether the declines are related to year-end concerns or to a more general softening in manufacturing activity, but they do add evidence to the (Fed's) forecast for slower growth going forward,»
Author: Steven Wood
«[The numbers] are consistent with a recovering manufacturing sector, with little indication of any slowdown in the post-Y2K period, ... For the FOMC, with few signs of slowing economic activity outside of housing, a rebounding manufacturing sector will keep the pressure on for higher rates.»
Author: Steven Wood
«These data continue to show that the housing market remains resilient in the face of rising interest rates. This resiliency will make it more difficult for the (Federal Open Market Committee) to slow the economy,»
Author: Steven Wood
