Quotes from the news wire:
We continue to expect the Fed to cut its target interest rate later this month, we believe it would have taken a much stronger number to convince Fed leadership that they have already taken out enough insurance against downside risks.
Found on Reuters 5 years ago
The trend in consumer spending growth still looks very solid, consumers remain the locomotive of the economy.
Found on Reuters 5 years ago
This is indicating that firms aren't yet reducing labor input at the intensive margin.
Found on Reuters 5 years ago
Recent downward revisions to estimates of economic growth, corporate profits, and employment growth all suggest that the economy is displaying classic late-cycle symptoms, moreover, these symptoms are unlikely to go away entirely even if a truce is reached in the current trade tensions.
Found on Reuters 5 years ago
The weakness in job growth was broadly experienced across industry groups and not obviously driven by distortions such as weather or strikes.
Found on Reuters 5 years ago
The supply side of the economy looks a little less shiny in light of the decline in the participation rate.
Found on Reuters 5 years ago
Unless there is a big upward revision to the disastrous December retail sales figure, the weak end-of-quarter consumption profile provides for very challenging arithmetic for first-quarter consumption growth.
Found on Reuters 5 years ago
Overall the report is good news insofar as it suggests the economy still has some capacity to grow at an above-trend pace without generating much inflationary pressure, similarly, it should ease the concerns of the hawks (at the Fed) who worry that the Fed's rate hike campaign is behind the curve.
Found on Reuters 6 years ago
Neither too hot nor too cold, as such, today's news won't change the terms of the inflation debate, and is likely to do little to stir the pot at the Fed meeting.
Found on Reuters 6 years ago
Looking ahead, the consumer now faces the added burden of higher gasoline prices.
Found on Reuters 6 years ago
The moderation in job gains over the past two months may mark the beginning of the slow deceleration to a sustainable pace of job gains, which we estimate to be around or a little below 100,000 per month.
Found on Reuters 6 years ago
The bigger inventory overhang helps explain why manufacturing sentiment remains cautious early in the fourth quarter, and does present downside risk to our 2.5 percent estimate for current-quarter GDP growth.
Found on Reuters 8 years ago
It pays for them to take the low-risk path of least resistance and not really change things in a big way, and then see how the data is.
Found on Reuters 8 years ago
Overall, given the usual noise in the data, as well as a melange of other special factors, we do not view the 1.5 percent first-quarter tracking as so far below the 2.4 percent average of the current expansion to raise more serious worries.
Found on Reuters 9 years ago
I'd like to say it's sustainable but I don't think it is, to sustain 280,000-type numbers month after month, you'd need really strong GDP growth and that just doesn't seem like that's in the cards right now.
Found on CNN 9 years ago
In practice, the Fed cares a lot about GDP growth. GDP has disappointed while the labor market hasn't, all else equal, the continued unexciting pace of GDP growth does present a modest challenge to our June Fed call.
Found on Reuters 9 years ago
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