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.
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.
improvement largely sales struggling thwarted welcome winter
Wholesalers had been struggling with bulging inventories through the winter and spring, ... However, plunging sales had largely thwarted their efforts. July's improvement is a welcome respite in this struggle.
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.
activity economic federal sign slowing welcomed
The slowdown in manufacturing activity will be welcomed at the Federal Reserve, where any sign of economic slowing will be cheered.
economic federal growth housing largely negative neutral next passed past peak several welcomed
Housing activity, which has contributed significantly to economic growth over the past 2-1/2 years, has now passed its peak and will be largely neutral to negative over the next several quarters, ... This slowdown will be welcomed at the Federal Reserve.
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.
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,
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.
although declines drop few further gradually higher hints likely maximum output period rate ratio sales weakness
There are a few tentative hints -- higher new orders, a drop in the inventory-to-sales ratio -- that the period of maximum weakness has likely passed. Although further declines in output are anticipated, the rate of decline should gradually diminish.
consumer debt employment gains growth households income judicious remain spending taking
With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.
conflict election equity flows gasoline given interest job rates relative remarkable stability
This relative stability has been remarkable given the ebbs and flows in job creation, the equity markets, the conflict in Iraq, the election campaign, interest rates and gasoline prices.
although both building clear improving inventory likely occurred orders provides recovering recovery related shipments staying support trend
There is a clear improving trend in orders which provides support for the recovering manufacturing sector, ... Although some of the inventory building that occurred was likely Y2K related and will be reversed in the new year, the acceleration of both shipments and backlogs suggests that the manufacturing recovery has substantial staying power.
creation job layoffs
With a longer-term view, layoffs have accelerated, job creation has slowed, and joblessness has increased.