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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They view it that that is more likely to keep the overall economy performing in a relatively smooth way so that the seasonality - if there is any - in credit demands doesn't cause large swings in interest rates, which in turn cause activity to turn on and turn off in an erratic way.
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Affordability has deteriorated over the past year because consumers are buying more expensive cars, financing a larger portion of those purchases and paying higher interest rates on car loans.
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I think the concern that was motivating the Fed (to lower interest rates ) is that it's going to shift to more Western hemisphere trade partners. I think the risk is it's going to broaden and deepen.
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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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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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I'm looking for an unexciting kind of year; not unlike the one we're just ending.
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Everybody's seeing the loss of the income and people are spending cautiously wherever they can.
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Things have been pretty difficult here. If it goes well, it's something the city can feel good about.
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The Federal Reserve will be meeting on Sept. 30. It will be an easy decision to leave policy unchanged. There is no sign of accelerating inflation, and there are arguments and evidence that growth is in the process of slowing somewhat.
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I'm glad I got to know him a little even if he wasn't aware I was around, ... He went out with a whole lot of love.
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I'm working hard to sell this town. Just try to picture it without the tree.
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It's clearly a reflection of how much more the Japanese companies have tended to be more profitable in recent years.
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It's certainly a concerning reading. Most of what we are seeing there is the impact of higher natural gas and other energy prices.