Steven Wood Quotes

Inventory building is slightly stronger in January and February than it was in 4Q, suggesting that inventory investment is likely to add modestly to Q1 GDP growth.

- Steven Wood

Tags

Inventory | Building | Slightly | Stronger | January |

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What they did imply was that future Fed actions will become even more data dependent, Further tightening cannot be ruled out. - Steven Wood

Although manufacturing activity is still expanding, momentum in the manufacturing sector has clearly faded... This report confirms that the FOMC was correct in pausing their tightening cycle at last week's meeting. - Steven Wood

Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month. - Steven Wood