This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession.
More Quotes from Anthony Chan:
It's a little disappointing to see core up that much. I was hoping for surprise on the downside for core as we got in the PPI (Producer Price Index) yesterday.Anthony Chan
A declining deficit may be signaling a slight loss of economic growth momentum.
Anthony Chan
Exports increased by such a small amount, it's not enough to tell me the inventory problem is going to go away. We need world economic growth to start picking up.
Anthony Chan
The most important factor in this survey is labor market, labor market, labor market.
Anthony Chan
I remain more confident that the consumer will take great comfort in knowing that our government is truly taking care of business.
Anthony Chan
I have to come away with the view that the drop in crude prices offered the opportunity for a relief rally, although it didn't offer that much relief.
Anthony Chan
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Dixie Lee Ray
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James F. Cooper