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Steven Wood Quotes

These data suggest that a bottoming in economic activity is taking place, but that a bit more inventory adjustment is needed to insure a re-acceleration in growth. - Steven Wood

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Data | Suggest | Bottoming | Economic | Activity |

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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

Despite the loosening of the labor markets, income gains remain sufficient to support spending at a moderate pace. - Steven Wood

In an environment of slower growth, steady job creation, weaker productivity gains, and modestly rising inflation that we envision for 2005, the FOMC will continue to lift its target federal funds rate. - Steven Wood

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