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Steven Wieting Quotes

Benchmark revisions could completely recast underlying data, in which case January forecasts won't be useful. - Steven Wieting

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Benchmark | Revisions | Completely | Recast | Underlying |

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We're not expecting an entirely clean read for the durable goods report. The business confidence data began to bottom at the end of June and that's encouraging. We probably will see modest gains in consumer activity and eventually the business cycle will catch up to that. But so far, everything right now is pointing to frustrating moderate economic growth for the time being. - Steven Wieting

Year-end financial markets can be difficult, and winter economic data is difficult to read... It makes more sense that December will be month they skip. You don't want to be raising rates into what can be an illiquid market. - Steven Wieting

I don't' think we've seen any sign here that there is an urgency to risk damaging the pace of the upturn. Why rush, why panic? - Steven Wieting

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