More - Steven Wieting Quotes

If gas prices are just holding steady and not increasing, and if incomes are rising, your gas bill is the same, and [consumer] demand can rebound. That's the most likely scenario here.

Steven Wieting

 

We're getting higher and higher oil prices each day and you'll continue to see a larger drag on the economy through the summer months.

Steven Wieting

 

While we don't take monthly changes in employment too seriously, today's data were slightly stronger than expected on hiring, but slightly weaker on hours and utilization, thus providing a 'growth positive' outlook.

Steven Wieting

 

Seeing a two-year low in confidence in the wake of Hurricane Katrina isn't that surprising. The news in the month of September has been terrible. The television coverage and the emotional impact of the story has a big effect on confidence in the short run. But spending has been inconsistent with these confidence numbers.

Steven Wieting

 Confidence

We haven't had a single year of falling consumer spending since 1938. There's no boom or bust in consumer spending.

Steven Wieting

 Boom

The reaction to this data in the past would have been much more positive. These days only bad news is carrying weight.

Steven Wieting

 News

September was a month where we thought there was a tremendous amount of weather impact,

Steven Wieting

 

Year-end financial markets can be difficult, and winter economic data is difficult to read, ... It makes more sense that December will be month they skip. You don't want to be raising rates into what can be an illiquid market.

Steven Wieting

 

Year-end financial markets can be difficult, and winter economic data is difficult to read. It makes more sense that December will be month they skip. You don't want to be raising rates into what can be an illiquid market.

Steven Wieting

 

This [gain in proprietors' income] is small-business job creation, we think, and it's more useful at this point in the business cycle than it would otherwise be,

Steven Wieting

 Business