40 Quotes by John Ryding

You have to remember it's only exceptional and prolonged heat that changes trends, since the Commerce Department seasonally adjusts out all typical heat. The game is to try to figure out if the weather is seasonally abnormal. Except for this week, we've had a pretty normal summer in the Northeast.

Core inflation remains contained in November, albeit at the upper end of the Feds informal target range of 1-2 pct.

Core inflation remains contained in November, albeit at the upper end of the ( Federal Reserve 's) informal target range of one-two percent.

Energy prices do matter, especially to the public's perception of inflation.

There's no doubt there's political pressure on the Fed to do nothing on September 20th. The Fed will allow economics to overrule the politics of the situation.

There's no barrier to the Fed lowering interest rates significantly.

The solid trend in payroll growth has been maintained into February. Reduced labor market slack, illustrated by the decline in the unemployment rate since June 2003, appears to be putting upward pressure on wage increases.

This increasing activism by the Justice Department seems to be applying a model of competition that applied to 19th-century America, rather than 21st-Century America.

Although we expect consumer spending to slow sharply in the fourth quarter, to below 2 percent, as a result of lower auto sales, we expect that GDP will still edge back above 4 percent on an inventory rebound, higher business spending, and hurricane recovery spending.