177 Quotes by Steven Wood

The manufacturing sector continues to grow at a moderate pace but with less strength than in the prior couple of months.

Weakness was widespread, extending the period of pronounced weakness.

The initial wave of layoffs in those industries most directly affected by the terrorist attacks has passed. However, there is another wave rolling to shore. This second wave will be from the subsequent economic dislocations caused by the Sept. 11 events and be much more diffused through the economy.

The recent pace of growth in the leaders suggests that economic growth should slow from its 3.6 percent over the four quarters through the third quarter of 2005.

The FOMC will be pleased with this report,

The recent movements in the index suggest only moderate economic growth over the next 6 to 9 months.

This was the first time that the January budget has been in deficit since 1992.

The FOMC is smiling, as their preferred scenario is largely unfolding.

What they did imply was that future Fed actions will become even more data dependent, Further tightening cannot be ruled out.