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Letter "S" » Steven Wieting Quotes
«There's a lot of month-to-month volatility in these numbers, ... You had a tremendous amount of widening in February and then a snap back in March.»
«The soft patch was highly overrated,»
«We're not at gas prices that pose some kind of a tipping point. There have been botched forecasts of a recession at every $10 move (higher) in crude oil futures.»
«There is no change in course, and markets have already priced in more action.»
«I don't' think we've seen any sign here that there is an urgency to risk damaging the pace of the upturn. Why rush, why panic?»
«We already were expecting a 5,000-job decline in manufacturing employment in May.»
«The Fed has assumed that the weakness in the first quarter was temporary. This confirms that. The reasonable view was you don't have a one-third rise in energy prices without consequences.»
«September was a month where we thought there was a tremendous amount of weather impact,»
«Even if energy hangs out at these historically high levels, headline inflation should slow down in the coming year.»
«It's very unlikely for Fed to worry about month to month data changes, or even two months, as the markets do.»