That type of growth is not sustainable, and we're headed to a more moderate pace this year.
More Quotes from William Sullivan:
It doesn't seem to be news-related, it seems to be more technical.William Sullivan
There is a common theme that economic fortunes look brighter in Japan and continental Europe than they do in the U.S., ... Even though higher rates should help the currency, they haven't because most people are seeing that as the Fed's move to slow the economy and reduce growth.
William Sullivan
Today the collective wisdom is that the economy will improve in the not-too-distant future, and that's hostile for bonds because it suggests that the Fed is done easing monetary policy and that financial markets may confront some interest-rate pressures as the economy improves and borrowing re-accelerates.
William Sullivan
It shows you how much confidence has been shattered.
William Sullivan
The claims numbers are suggesting that the worst of the labor market conditions are behind us and that there's actually some modest improvement in relative terms as the year comes to a close,
William Sullivan
The real worry is that this report will limit the degree of Federal Reserve easing down the pike.
William Sullivan
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