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Patrick Fearon Quotes
«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.»
Author: Patrick Fearon
«The service sector of the economy is still growing at a good pace and that is consistent with what we were seeing in the employment report for November.»
Author: Patrick Fearon
«This is consistent with our view that the housing market is likely to continue to moderate in the coming months. But ... home sales are historically pretty strong.»
Author: Patrick Fearon
«This index is designed so that readings over 50 point to expanding activity in the Midwest factory sector.»
Author: Patrick Fearon
«The core PCE price index is a calming influence on the bond market, ... Inflation so far has far not gotten out of hand.»
Author: Patrick Fearon
«The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth,»
Author: Patrick Fearon
«It was a little weaker than expected but still a pretty decent number, ... In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.»
Author: Patrick Fearon
«It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,»
Author: Patrick Fearon
«It looks like the potential disruption has helped to further boost gasoline prices and that could be some additional headwind for the economy,»
Author: Patrick Fearon
«It looks like the potential disruption has helped to further boost gasoline prices and that could be some additional headwind for the economy.»
Author: Patrick Fearon