Steven Wood Quotes

Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.

- Steven Wood

Tags

Pleased | Sharp | Decline | Productivity | Growth |

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While the housing sector is slowing, almost all of its weakness will be offset by the improving factory sector... More interest rate hikes will be necessary to slow the economy sufficiently to alleviate the Fed's fears of building inflationary pressures. - Steven Wood

While the auto sector appears to have corrected its inventory overhang, other sectors have not been nearly as successful, particularly high tech... As business sales slow, it will be even more difficult to bring inventories into line. - Steven Wood

While some of the decline was related to the effects of Hurricane Floyd, the fact that all four regions fell suggests that higher mortgage rates are also having a constraining effect. - Steven Wood