Quotations
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Anthony Chan Quotes
«The stock market didn't want the economy to grow too quickly because they were worried about aggressive rate hikes. They wanted the Goldilocks approach where everything was just right. But now they realize that maybe the porridge is a bit too cold for their taste.»
Author: Anthony Chan
«The significant number of headwinds such as rising energy prices and the prospects of rising short-term rates are taking their toll on the economy.»
Author: Anthony Chan
«When you have a long road to travel, you don't take too many breaks. You just keep on going. We're one or two bad numbers away from reassessment of Fed policy, but we're not there yet. Yes, this number is weak, and yes, it's disappointing, but there are some rays of hope in here.»
Author: Anthony Chan
«Overall, this report is telling us that consumer spending remains somewhat hostage to the rise in energy prices. Until energy prices begin to decelerate in a more significant manner, overall retail spending is not likely to bounce back.»
Author: Anthony Chan
«Although the BLS failed to provide an estimate of what the hurricane did to this report, my research does show that in nine out of the last 10 largest hurricanes, payrolls softened by an average of 120,000.»
Author: Anthony Chan
«The prospects of 4 percent real GDP growth (or possibly more after future data revisions) during the third quarter are back on the table.»
Author: Anthony Chan
«I think the (PPI and core PPI) numbers will make the Fed a bit more comfortable that the status quo is fine. The core PPI is the one they really care about. It's really telling us that the inflation story is not running away from us. That doesn't mean the debate won't be heated. But this number does tilt the apple cart.»
Author: Anthony Chan
«Although it may be too soon to conclude that the soft patch is no more, today's impressive job figure does suggest that the slowdown may not be everlasting.»
Author: Anthony Chan
«I believe that it is safe to say that this report understates the true strength of current labor market conditions.»
Author: Anthony Chan
«Although the gain in real GDP came in somewhat below market expectations, the details of the report were much more favorable.»
Author: Anthony Chan