The advance GDP report is a funny animal. It's a combination of data that's already out there combined with official guesses. There isn't a lot of real new news.
More Quotes from Bill Cheney:
A lot of people must still be sitting on the sidelines. This kind of job growth will encourage them, but I don't see it sparking a surge in wage costs. We still have a lot more room for job growth before we have to worry about venturing into dangerous inflationary territory.Bill Cheney
Clearly the August spending data confirm that consumer spending was on the weak side but still in positive territory, which I think would have confirmed a consensus view that the worst was probably past.
Bill Cheney
Rising unemployment, ironically, contains good news. It signals people who had given up and dropped out of the work force are back looking for jobs. Clearly, they have hope there are jobs to be found.
Bill Cheney
Friday's report probably reduces the odds of the Fed making another move at its next meeting. This is fairly benign report it would have taken something a bit worse than this to get the Fed to move again.
Bill Cheney
I don't think it really suggests there is any inflation developing -- a 0.3 percent rise in wages is pretty manageable. But it's a pretty positive report it suggests that the overall jobs market is pretty healthy.
Bill Cheney
Even though there probably is a recovery in the pipeline, there isn't going to be any clear evidence of it by the time we get around to the next meeting.
Bill Cheney
Readers Who Like This Quotation Also Like:
Based on Topics: Animals Quotes, Jokes & Humor Quotes, Media & News QuotesA leader in the Democratic Party is a boss, in the Republican Party he is a leader.
Harry S. Truman
What really helps a guy to become an action hero today is the directing of the movie. All those fast cuts.
Jean Claude Van Damme
Nothing is the destiny of everyone, it is our commonness made dumb.
Mark Strand