Dana Johnson
Dana Johnson
Dana Johnsonis an American writer and Associate Professor at the University of Southern California. Honors include the Flannery O'Connor Award for Short Fiction, and being named a nominee for the Hurston/Wright Legacy Award. Her writing has appeared in Callaloo, The Iowa Review, and elsewhere...
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Knowing what I know right now, I think the Fed will probably tighten again,
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I think it's important to recognize that inflation is where the Fed wants (it) to be. They don't want to overshoot. I think they will pause real soon.
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From a cyclical perspective, I'm not prepared to worry about inflation. There's no clear pattern of acceleration.
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I expected our index to tick lower in March, as the effects from the Super Bowl and mild winter weather faded. Looking ahead, our index probably will settle into a lower range, as the local economy struggles to overcome restructuring in the auto sector, higher interest rates, and elevated gasoline prices.
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I don't think one 50 basis point move (by the Fed) is likely to be enough. It's going to be very hard for the stock market to move ahead. Profit margins are not going to be expanding. There's going to be nothing to offset the higher interest rates.
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I think Michigan would like nothing more than to see GM emerge as a leaner and more profitable company,
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I was really encouraged to see the rebound in activity in June and July. The local economy looks much healthier this summer than it did this past spring. However, a clear up-trend is not yet in place and probably will be slow to develop given the punishing level of energy prices and the prospect of more consolidation in the auto industry.
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It is exciting just to be able to say you actually saw an Olympic medal up close, even touch it.
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With many investors drifting away early for the Thanksgiving holiday and with the fixed income markets scheduled to close early on Wednesday, the clear potential is for some erratic price action in illiquid markets,
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The affordability of light vehicles has been quite stable over the past ten quarters. Family incomes have been rising faster than vehicle prices, but higher interest rates have increased the cost of financing a new car.
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The unemployment rate on a month-to-month basis bounces around quite a lot. The trend is for a small downward drifting in the unemployment rate, reflecting as much people withdrawing from the labor market as anything else.
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These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives.
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If he's true to that perspective, I think we're going to find that monetary policy looks an awful lot like it did under Greenspan for the next several years.
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The industrial production data ... was sort of a sober warning about the softness in the industrial sector of our economy.