Steven Wood Quotes
Less refinancing activity should dampen consumer spending -- although that has not yet occurred. 
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Refinancing | Activity | Dampen | Consumer | Spending |
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With good productivity growth and low inflation, the [Fed] has room to lower rates even further, if needed.
- Steven Wood
There is a clear improving trend in orders which provides support for the recovering manufacturing sector... Although some of the inventory building that occurred was likely Y2K related and will be reversed in the new year, the acceleration of both shipments and backlogs suggests that the manufacturing recovery has substantial staying power.
- Steven Wood