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...
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.
above boost current economic estimate growth help overall
This will help boost overall economic growth to above 4 percent; our current (third-quarter) estimate is 4.5.
concern economic fed inflation low outlook tame uncertain
Inflation is sufficiently low and tame -- and the economic outlook is sufficiently uncertain -- to be of little concern to the Fed at present.
abroad coming conditions continued demand economies economy expanding fast fed given home increased inventory low pace production quite remains robust support sure view
Increased demand in expanding economies abroad and continued robust conditions at home support the production outlook, given the low inventory environment. The Fed is sure to view the economy as expanding at too fast a pace now that manufacturing is coming back and consumption remains quite strong.
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.
august below continues diminish economic extended fed growth increase rate report slower third welcome
The Fed will welcome this report as it suggests that slower economic growth will be extended into the third quarter. The probability of an August rate increase continues to diminish and is now below 50 percent.
continue economic focus policy
The (Fed) will continue to focus policy on reviving economic growth.
data economic extended further growth policy providing second slowing welcome
The (Fed policy makers) will welcome this data as providing further confirmation that the slowing of economic growth in Q2 (the second quarter) has been extended into Q3,
cannot easing pace slow stop
The (Fed) may slow the pace of easing but they cannot stop yet.
combined consumer early forecasts growth lower pace retail sales scope second slower spending vehicle
Importantly for the Fed, the pace of real consumer spending slowed in March, and combined with early forecasts for lower vehicle and retail sales for April, suggests there is some scope for slower growth in the second quarter,
across activity both broad business consumer declines industrial reflecting
Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.
continue creation environment envision federal funds inflation job lift modestly rising slower steady target weaker
In an environment of slower growth, steady job creation, weaker productivity gains, and modestly rising inflation that we envision for 2005, the FOMC will continue to lift its target federal funds rate.
consumer early economy-and-economics gains income increased major next recession slowing support
Slowing income gains and increased uncertainty have savaged consumer spending. This has removed the only major support for the economy, insuring the recession will last, at least, into early next year.
although continue data economy employment growth income output quite slower slowing transition trends turn underlying volatile
Slower output and employment growth is dampening real income gains, which in turn is slowing spending, ... Although the monthly data continue to be quite volatile during this transition period, the underlying trends are unmistakable -- the economy is slowing from its torrid pace.