Though the (economic data) have been mixed, they've been more negative than positive, and the outlook for the risks the economy faces is distinctly on the downside. The Fed has more to gain by erring on the side of accommodation.
This report is a sign that the manufacturing sector is on solid ground after a weak performance in 1998 and the early part of 1999.
He will not have the votes on the board to demolish the building.
We were at a very high level in the prior months, it seemed likely that a correction was going to come at us. The level of new homes sales is still healthy and the housing market is reasonably strong and it's just that we are not maintaining the same robust sales levels that we saw in prior months.
Without question, the rate changes by the Federal Reserve will have influences on peoples lives.
We view the change in vehicle prices in the PPI as a random shift and one that does not reflect reality.
The real challenge on the energy front hasn't hit yet because it's not winter. When people start to get high heating bills, it will be another story.
There's going to be an element of caution in his testimony. I don't think he's going to be ready to declare that the recession is over.
I am looking for a 25-basis-point increase in the federal funds rate. The primary reason is because the unemployment rate has moved to a low level, and that low unemployment rate is starting to push the growth of wages higher. That is an early warning sign.
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