Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
although bias change committee data expected interest market meeting next open rates retain toward
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.
continues couple grow less moderate pace prior sector strength
The manufacturing sector continues to grow at a moderate pace but with less strength than in the prior couple of months.
activity committee current data due economic economy fed forecasts half less placing releases stronger weight
The Committee is placing more weight on current data releases and, therefore, less weight on forecasts of economic activity and inflation. What I'm foreseeing is that the Fed is going to keep on tightening due to the economy being stronger in the first half of the year.
activity aggressive argue economic fed moved rarely
The deterioration in economic activity would argue for a more aggressive move, but the Fed has rarely moved by more than (half a point) during Greenspan's tenure,
gain given housing january recent spending starts strength warm weak
The January gain in construction spending was surprisingly weak given the recent strength in housing starts and unseasonably warm weather.
continued corporate economic equity given level market optimism profits quite rising
The level of economic optimism is still quite high, especially given the continued sluggishness in the economy, rising joblessness, corporate profits warnings and equity market volatility,
below flat generally hurricane leading levels months past since six trend volatile
The leading indicators have been much more volatile since Hurricane Katrina. However, the trend has been generally flat over the past six months, at levels that are well below where they were 12 to 18 months ago.
economic general gradually growth leading next nine pace past six slowing three year
The general slowing in the growth of the leading indicators over the past year suggests the pace of economic growth should gradually slow over the next three to six to nine months.
appears economic gentle growth leading recent slowing trend
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.
began economy recession year
The economy is in recession. The manufacturing recession began more than a year ago. The non-manufacturing recession began more recently. But the contraction has begun.