Steven Wood Quotes

[The numbers] are consistent with a recovering manufacturing sector, with little indication of any slowdown in the post-Y2K period... For the FOMC, with few signs of slowing economic activity outside of housing, a rebounding manufacturing sector will keep the pressure on for higher rates.

- Steven Wood

Tags

Numbers | Consistent | Recovering | Manufacturing | Sector |

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The gentle slowing trend that had been in place for much of 2005 appears to have been halted and partially reversed. However, like many other economic relationships, the one between the index of leading indicators and subsequent economic growth has loosened significantly in recent years. - Steven Wood

Core orders are trending higher. - Steven Wood

Despite some better-than-expected data over the past two weeks, this report is sufficiently gloomy to force the Fed to ease next Tuesday and retain their bias toward further economic weakness. - Steven Wood