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...
data economic extend key labor markets open pressure quarter questions relieve rest second slow spending sufficient suggest welcome
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.
almost building economy factory fears hikes housing improving interest necessary offset rate sector slow weakness
While the housing sector is slowing, almost all of its weakness will be offset by the improving factory sector, ... More interest rate hikes will be necessary to slow the economy sufficiently to alleviate the Fed's fears of building inflationary pressures.
decline effects fact fell four higher hurricane mortgage rates regions related
While some of the decline was related to the effects of Hurricane Floyd, the fact that all four regions fell suggests that higher mortgage rates are also having a constraining effect.
creation job layoffs
With a longer-term view, layoffs have accelerated, job creation has slowed, and joblessness has increased.
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While good gains in productivity are economically favorable, it is not a good situation when this occurs because labor input is declining more rapidly than output.
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It's really easy to get into a new house; it's really difficult to go back to an apartment.
add concerns declines evidence forecast general growth related slower unclear whether
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.
data despite economy federal inflation labor low market open provide relief robust tight
Despite a robust economy and tight labor markets, inflation is still low and steady. These data provide some relief for the Federal Open Market Committee.
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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.
activity economic flattened recovery suggesting
Economic activity flattened out at the end of the summer, suggesting that the nascent recovery may have already been aborted.
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It's another straw on the camel's back toward higher rates, ... but it isn't the straw that breaks the camel's back.
activity bleak oasis otherwise region unlikely
It is unlikely that the region is really an oasis of activity in an otherwise bleak manufacturing landscape.
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The positive influence of tax rebate checks and lower energy prices is being overwhelmed by the adverse impact of highly noticeable layoff announcements and the turmoil in the stock market,
clear evidence expanding factory sector strong
There is clear and strong evidence that the factory sector is expanding solidly,