Quotations
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Anthony Crescenzi Quotes
«This is a sign of optimism the expansion will continue and it's consistent with move up in stock prices.»
Author: Anthony Crescenzi
«The jobless claim level now is consistent with job growth and is a clear indication that labor demand is quite strong.»
Author: Anthony Crescenzi
«The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.»
Author: Anthony Crescenzi
«What's the expression? 'If your neighbor loses his job, it's a recession, but if you lose your job, it's a depression?' Maybe it depends on who's making the definition.»
Author: Anthony Crescenzi
«They look at many things ... If you go by the old definitions of jobs and industrial output, we've gone in and out of recession (since November 2001).»
Author: Anthony Crescenzi
«Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.»
Author: Anthony Crescenzi
«The Fed will look at a cross-section of data, which still show that enough vigor in the economy remains to pose a risk for higher inflation, ... If the Fed were to hold off on raising rates on Tuesday, they would create additional stimulus for the economy by causing a further drop in other interest rates.»
Author: Anthony Crescenzi
«The economy is less interest-rate sensitive than it was a year ago because of income growth, and we have corporate profits higher than capital spending -- a condition only seen rarely in the past 40 years -- meaning companies don't need to borrow as much,»
Author: Anthony Crescenzi
«That makes it more likely we will need to have repeated hikes, because the economy won't succumb to a small handful of hikes.»
Author: Anthony Crescenzi
«Looking out even further toward the end of the year, investors might grow optimistic about the end-of-year economic situation, as 2004's strong job growth could be seen as raising the prospects for holiday spending, hence giving the economy momentum as it enters 2005,»
Author: Anthony Crescenzi