Steven Wieting Quotes

If you look at labor demand, you should be getting a decent trend. It was only June data that fell below that trend.

- Steven Wieting

Tags

Labor | Demand | Decent | Trend | June |

comments powered by Disqus

Random

We had unintentional inventory declines in the second and third quarters, which is what you would typically get in a recession. I think companies will need to build $50 billion per quarter in inventories, even if the demand growth rate is just 3.5 percent. - Steven Wieting

We're not at gas prices that pose some kind of a tipping point. There have been botched forecasts of a recession at every $10 move (higher) in crude oil futures. - Steven Wieting

Whether the Fed goes 25 or 50 basis points next week might mean something for managing market psychology, but it doesn't mean nearly as much for the broader economy. Their language regarding their future considerations on rates is what should matter. - Steven Wieting