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Pierre Ellis Quotes

The third-quarter Employment Cost Index is ... reassuring in the sense that labor costs as measured on this index remain very contained, in contrast to some other labor cost indexes. - Pierre Ellis

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Quarter | Employment | Cost | Index | Reassuring |

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For the moment, this appears extremely favorable for the economy. This is the second month out of three where exports have increased substantially, which means that foreign economies are perhaps strengthening enough to buy our stuff. Still, the risk is for further oil price shock, which could push the deficit back up. - Pierre Ellis

There was a hope that the announcement would bring a clear signal that rate increases would come to end, but there's nothing that even hints that they're any closer. - Pierre Ellis

What's going on with short-term deficit is minor compared to the problem that is looming. But if they're ignoring the big problem, it's not surprising they're ignoring the near-term issues. - Pierre Ellis

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