31 Quotes by Nigel Gault

There is a risk that we will push up above 2 percent, not necessarily over the next month but sometime over the next few months. That will be a concern to the Fed.

I don't think it's the case that we suddenly turn off the tap, and consumer spending stops dead in its tracks. It's more gradual.

Growth was very good in the third quarter. We really suspect that the last two reports greatly understated the underlying strength of the labor market.

It is possible that the hurricanes that hit in August and September had a bigger impact on measured GDP growth in the fourth quarter than in the third. ... The hurricanes probably dragged on investment, too.

We believe the numbers today are confirming our view that growth will be soft throughout the rest of the year.

We are now at the point where Hurricane Katrina's effects are adding to job creation rather than detracting from it.

With consumers likely to return to the malls from the auto showrooms, spending in other areas will pick up again, especially once cooler weather arrives to give a boost to fall clothing,

The goods and services deficit will continue to widen, especially since after Katrina the United States will be importing more energy products at higher prices.

The reason (recession) gets mentioned . . . is that (energy price) movements of this sort of magnitude usually would be associated with recession. So you do have to start asking the question, ... The question needs to be asked, even if we think things are different on this occasion.