Michael Moran Quotes

The situation has improved, but we're still not where we want to be.

- Michael Moran

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Situation | Improved |

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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

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. - Michael Moran

Low claims for unemployment insurance suggest that demand for labor is strong, and thus non-farm payrolls should expand briskly. - Michael Moran