Steven Wieting Quotes

While we don't take monthly changes in employment too seriously, today's data were slightly stronger than expected on hiring, but slightly weaker on hours and utilization, thus providing a 'growth positive' outlook.

- Steven Wieting

Tags

Monthly | Employment | Data | Slightly | Stronger |

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I think energy affects us at every price. As we go marginally higher, growth forecasts get marginally weaker. At roughly $50, oil should be holding back GDP (gross domestic product) growth by a full percentage point in the year to come. Fortunately, we have more than a percentage point to give. - Steven Wieting

For markets that have recently priced in 'nearly immediate' Fed tightening, [Friday's] data suggest more breathing room, even as tightening is likely to take place when recovery is more deeply entrenched. - Steven Wieting

It's very unlikely for Fed to worry about month to month data changes, or even two months, as the markets do. - Steven Wieting