Michael Moran Quotes

Without question, the rate changes by the Federal Reserve will have influences on peoples lives. Borrowing rates are going to go up for things like car loans and mortgages. All of these things will influence the individual. - Michael Moran

With various indicators showing signs of softening, the Fed will probably hold steady on June 28, ... We do not think they are finished for the year, but they do not have a compelling case to push further ahead after a 50-basis-point adjustment in May. - Michael Moran

When rate increases are demand-driven, meaning there are other, positive influences going on -- job growth, demand picking up, etc. -- in that case, the effect of higher interest rates is a small dampening, rather than one that puts the economy at risk. - Michael Moran

What I would conclude is that we are backing away from the robust levels of housing activity we saw in the spring and summer of last year, but there is by no means a swoon going on in housing activity just yet. - Michael Moran

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. - Michael Moran

We view the change in vehicle prices in the PPI as a random shift and one that does not reflect reality. - Michael Moran

We had downward revisions in both April and May totaling 38,000. They tend to dull the June results. It's a good report on the economy, but not one that shows overwhelming strength. - Michael Moran

We don't want to see any so-called 'accidental' damage done to the historic part of the hospital. - Michael Moran

We are at very high levels in the stock market and I think there is a need for a correction. - Michael Moran

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. - Michael Moran

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