We've heard some disappointing reports about the final couple of weeks before the holidays, so we won't see as big of an increase in December, ... but when you combine November and December, this is about the best holiday season we've seen since 1999.
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This quote is just one of 9 total Stuart Hoffman quotes in our collection. Stuart Hoffman is known for saying 'We've heard some disappointing reports about the final couple of weeks before the holidays, so we won't see as big of an increase in December, ... but when you combine November and December, this is about the best holiday season we've seen since 1999.' as well as some of the following quotes.
The bottom line is it is a very solid report, but with continued inflationary pressure building up, it will make it easy for the Fed to conclude (Tuesday's meeting) with a quarter-point increase.
I think the Fed will look at the core number and determine that it was understated, and still raise rates by a quarter-percentage point at the meeting on November 1.
If you take into account the revisions, the average for the last three months are still very strong. It's consistent with the housing starts number. People are still active in home buying. This decline in January is probably a month dip. It's a head-fake.
When the economy is growing faster and businesses want to replenish inventories and make the kind of capital expenditures, mergers and acquisitions that outstrip their internal financing, then they will turn to banks.
This quote is just one of 9 total Stuart Hoffman quotes in our collection. Stuart Hoffman is known for saying 'We've heard some disappointing reports about the final couple of weeks before the holidays, so we won't see as big of an increase in December, ... but when you combine November and December, this is about the best holiday season we've seen since 1999.' as well as some of the following quotes.