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...
consumer offer partial restraint
This will offer some partial restraint to consumer spending.
declines further months production quick rebound sales unless weakness
Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead.
hands meeting monetary next regarding tip unlikely week
With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,
correct cycle last
It confirms that the (Fed) was correct in pausing their tightening cycle at last week's meeting.
absence activity consumer declines economic energy expect federal further higher housing inflation interest next quarters rates several slow spending welcomed
We still expect economic activity to slow over the next several quarters as consumer spending slows further and housing declines more because of higher interest rates and energy costs. The absence of inflation will be welcomed at the Federal Reserve.
dismal looking
We are looking for a very dismal report,
appears capital factory few generate jobs quarter robust solid spending strong third track volumes
Volumes are still strong enough to generate a few new factory jobs amid robust productivity gains. Moreover, capital spending appears to be on track for another solid contribution to third quarter GDP.
consumer core holiday sentiment solid spending stronger translate
This stronger consumer sentiment may yet translate into solid core consumer spending for the holiday season.
contract data distorted large military orders shipments vehicle
The data are heavily distorted by a large military contract and the surge in vehicle sales. Once these have dissipated, orders and shipments will sag again.
accelerate buying demand housing likely mortgage motivated potential rates rising
The demand for new housing surged, likely because rising mortgage rates motivated some potential homebuyers to accelerate their buying decisions.
although creation data job
Although these data were better than expected, job creation is still weak.
although declined economic efforts further growth helping last level mortgage pace past rates relatively sales six slow solid three weakness
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.
although builders continue current home housing maintained near sales
Although the fundamentals have deteriorated builders have been cautious, so there is no imbalance of unsold new homes. Therefore, as long as new home sales are maintained near current levels, housing construction can also continue near these levels.
although cyclical decline expansion growth past phenomenon pleased rather retreat sharp view
Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.