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Wayne Angell Quotes

We already thought it was very, very strong and consumer spending has been a big factor, but the underlying tone seems to indicate that overall growth is tapering off. - Wayne Angell

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Thought | Strong | Consumer | Spending | Factor |

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It seems to me that a five percent funds level is very reasonable. - Wayne Angell

No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance. - Wayne Angell

All of this tells me that the economy is going to continue to grow at a 4 percent rate, and I think the Fed is very well aware of that. Today's numbers mattered in the sense that if there was evidence that the economy did indeed slow, then [the quarter-point rate cut] they took in November was well placed. But that clearly isn't happening. - Wayne Angell

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