102 Quotes by Stephen Stanley

It would represent a bit of a shift from a macroeconomic focus to a banking/regulation focus.

The stock market has been pretty stubbornly hewing to the idea that the economy is slowing down and the Fed may stop soon. So to the extent that people perceive the statement as a little more hawkish, it's maybe upsetting.

The still-massive swing in the pace of stockpiling in the second quarter sets the stage for an explosive third quarter.

Productivity rises could be more modest going forward, since hours worked should grow faster as job losses caused by the hurricanes are reversed. Fed officials will remain watchful of a reacceleration in unit labor costs.

A few weeks ago, the market was looking for a hike in March and May, but there have been some data points recently that have thrown May into question.

Oil is playing a positive role for stocks and the bond market today. Also, the markets are coming off a rough stretch, which makes this bounce pretty understandable.

The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.

A lot of people were hoping June was a fluke and that employment would bounce back, but two in a row is pretty tough to write off. I think market investors are now more worried about the corporate and economic outlook.

The report follows the recent pattern of strong growth and no inflation.