Patrick Fearon Quotes
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Slacking | Fourth | Quarter | Affect | Country |
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
- Patrick Fearon
The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.
- Patrick Fearon
We still think that the growth rate will slow substantially in the fourth quarter, in part because the housing sector is softening which will tend to soften consumer spending as well. That is one factor that will probably help the Federal Reserve eventually conclude its monetary tightening cycle.
- Patrick Fearon