The level of economic optimism is still quite high, especially given the continued sluggishness in the economy, rising joblessness, corporate profits warnings and equity market volatility.
More Quotes from Steven Wood:
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,Steven Wood
Consumers still remain optimistic about the future despite having some concerns about the present. This is very typical of a business cycle turning point,
Steven Wood
Retail spending was much stronger than anticipated. Although some of these gains were due to post-hurricane spending, it appears that consumers are not yet ready to throw in the towel.
Steven Wood
Labor markets are very strong and payroll employment should rise by 200,000 or more in February. The Federal Open Market Committee will continue to raise interest rates.
Steven Wood
Inventory building is slightly stronger in January and February than it was in 4Q, suggesting that inventory investment is likely to add modestly to Q1 GDP growth.
Steven Wood
These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity, ... However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation.
Steven Wood
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Based on Topics: Corporation Quotes, Economics Quotes, Optimism QuotesBased on Keywords: joblessness, sluggishness
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