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Steven Wood Quotes

The deterioration in economic activity would argue for a more aggressive move, but the Fed has rarely moved by more than (half a point) during Greenspan's tenure. - Steven Wood

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Deterioration | Economic | Activity | Argue | Aggressive |

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New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell... Continuing claims have been ratcheting steadily higher. Labor market weakness remains. - Steven Wood

Despite some better-than-expected data over the past two weeks, this report is sufficiently gloomy to force the Fed to ease next Tuesday and retain their bias toward further economic weakness. - Steven Wood

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

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