Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
activity economic flattened recovery suggesting
Economic activity flattened out at the end of the summer, suggesting that the nascent recovery may have already been aborted.
activity committee current data due economic economy fed forecasts half less placing releases stronger weight
The Committee is placing more weight on current data releases and, therefore, less weight on forecasts of economic activity and inflation. What I'm foreseeing is that the Fed is going to keep on tightening due to the economy being stronger in the first half of the year.
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The terrorist attacks are going to make a bad situation even worse.
increase point rates
It doesn't necessarily point to another increase in rates for the Fed.
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Given (Federal Reserve Chairman Alan Greenspan's) concerns regarding consumer attitudes this development has to be seen as worrisome.
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The slowdown in manufacturing activity will be welcomed at the Federal Reserve, where any sign of economic slowing will be cheered.
continued corporate economic equity given level market optimism profits quite rising
The level of economic optimism is still quite high, especially given the continued sluggishness in the economy, rising joblessness, corporate profits warnings and equity market volatility,
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Retail sales have slowed over the last six months in response to the slower pace of job creation, higher rates, and increased volatility in the stock market. Indeed, in the past two years there has been tight relationship between the Nasdaq and retail spending, suggesting further spending weakness in coming months.
despite dollar expected improving limiting rebound strong
Despite improving international economies, the strong dollar is limiting the expected rebound in exports.
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Despite a robust economy and tight labor markets, inflation is still low and steady. These data provide some relief for the Federal Open Market Committee.
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Despite this gain the outlook is still for sluggish growth over the next six months,
based both broader cause concerns consistent data economic gains improvement measures power pricing reflects restrained slightly
These data are consistent with slightly better pricing power for both importers and exporters, which reflects the improvement in international economic activity. However, the gains are sufficiently restrained as to not cause any concerns about broader based measures of inflation.
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The Fed will welcome this report as it suggests that slower economic growth will be extended into the third quarter. The probability of an August rate increase continues to diminish and is now below 50 percent.
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Increased demand in expanding economies abroad and continued robust conditions at home support the production outlook, given the low inventory environment. The Fed is sure to view the economy as expanding at too fast a pace now that manufacturing is coming back and consumption remains quite strong.