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Steven Wood Quotes

With last week's Fed tightening, mortgage rates have continued to rise, so that further declines in housing activity are likely over the balance of the year. Nevertheless, robust labor markets and rising incomes have helped sustain housing at a relatively high level. - Steven Wood

Tags

Tightening | Mortgage | Rates | Continued | Rise |

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Bad economic times don't last forever and the U.S. economy is very vibrant. But at this point that is just pure forecast. - Steven Wood

Solid productivity gains are helping to restrain inflationary pressures. However, because the recent improvements are due to a dramatic reduction in work hours, they reflect the deep trouble the economy is in. - Steven Wood

If sustained, lower sentiment could adversely impact real consumer spending but there is little evidence that has happened . . . so far. The [Fed] is more nervous. - Steven Wood

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