102 Quotes by Stephen Stanley

The ISM manufacturing index moderated significantly in December, moving from torrid to healthy territory.

The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.

The Fed will have to take rates beyond neutral to a somewhat restrictive pace. Today's data totally supports that view of the world and should...eliminate any doubts about the near-term course of monetary policy.

The Fed can not be comfortable with the pace at which the labor market is moving to/through full employment. Let the wage acceleration begin!

The consumer never really missed a beat, and now attitudes are beginning to catch up to reality. Once again, watch what they do, not what they say.

The consumer is doing quite well. The job market is doing quite well.

In terms of monetary policy right now, most people expect the Fed to tighten during the next two or three meetings, but it's foggy beyond that. Greenspan didn't really say much to clarify, either in his comments or in the question period. He was appropriately non-committal, and so there's been little reaction from stocks.

I just don't think the consumer is going to roll over on the back of a cooling sector.

Clearly, reports of the housing market's demise have been greatly exaggerated.