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 continued curve declined due financial flat lending mortgage past rates standards three volumes yield
Although mortgage rates have declined over the past three weeks, mortgage applications volumes have continued to fall. This is partially due to the flat yield curve and partially due to tighter lending standards by financial institutions.
activity although clearly correct cycle last momentum report sector
Although manufacturing activity is still expanding, momentum in the manufacturing sector has clearly faded. This report confirms that the FOMC was correct in pausing their tightening cycle at last week's meeting.
although downward elevated improve industrial inventory pressure production sales situation spending unlikely until weak
Although inventory rebalancing is well underway, weak sales and elevated inventory-to-sales ratios will keep downward pressure on industrial production and manufacturing employment, ... This situation is unlikely to improve until spending accelerates.
although associated balance economic generate housing major modestly slow unlikely weakness
Although housing should slow modestly over the balance of the year, it is unlikely to generate the major weakness typically associated with housing during an economic downturn.
activity although buying consumer high home less longer relatively remains
Although home buying remains at relatively high levels, and though no longer robust, refinancing activity has slumped. Less refinancing activity should dampen consumer spending.
activity although buying consumer high home less longer relatively remains
Although home buying remains at relatively high levels, although no longer robust, refinancing activity has slumped. Less refinancing activity should dampen consumer spending.
activity although appear begun consumer demand domestic economies higher housing impact improving interest negative rates
Although higher interest rates appear to have begun to have a negative impact on housing activity and consumer spending, sturdy domestic demand and improving international economies have generated an acceleration in manufacturing activity.
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,
adverse checks energy highly impact influence lower noticeable positive prices stock tax turmoil
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,
activity coming decline generate housing huge increase likely mild next severe weather
Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month.
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.
best coming data deal fed great households inflation last momentum needs news spending year
Clearly, the best news on inflation is past. These data show that households were spending aggressively last year and that there is a great deal of spending momentum coming into 2000. The Fed needs to tighten now, and they will.
adept buyers financing further higher home housing interest monetary rates resilience sector support weathered
Higher interest rates have been weathered by home buyers through the use of adept home financing techniques. Nevertheless, the resilience in the housing sector will support further monetary tightening by the Fed.
claims consumer economic growth higher income job overall slower suggest
Higher claims suggest slower job gains, which should dampen income growth, consumer spending, and overall economic activity.