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Steven Wood Quotes

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

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Pleased | Sharp | Decline | Productivity | Growth |

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Housing activity, which has contributed significantly to economic growth over the past 2-1/2 years, has now passed its peak and will be largely neutral to negative over the next several quarters... This slowdown will be welcomed at the Federal Reserve. - Steven Wood

The Committee is placing more weight on current data releases and, therefore, less weight on forecasts of economic activity and inflation. What I'm foreseeing is that the Fed is going to keep on tightening due to the economy being stronger in the first half of the year. - Steven Wood

The FOMC (Federal Open Market Committee, the Fed's policy-making arm) will look at these data as being benign... No change in interest rates is expected at next week's meeting although the committee will retain its bias toward tightening. - Steven Wood

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