“We should see continued consumer weakness in October and November, while industry overall does quite well. The soft trajectory going into the fourth quarter has adverse implications.”
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“Core inflation was the good news in the report. That calmed the financial markets.”
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“The manufacturing surveys from September confirm that there has been no broad-based deterioration in activity due to the energy price spike in the aftermath of Katrina. This is quite promising for the growth outlook.”
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“I wouldnt view this as the start of a weaker trend.”
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“I think there is significant confusion at the Fed itself.”
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“Capacity constraints are clearly in the forefront and are what keeps the Fed going in the near term.”
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“Leading indicators have been strong the last few months, and thats telling us were going to see very strong acceleration in first-quarter growth.”
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“We are seeing some very strong global growth trends so that should prop up exports.”
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“A late Easter this year, following an early one last year, contributed to weakness in chain store sales in March, and should ensure strength in April.”
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“Its clear that weve seen some pass-through of raw materials costs to producer prices, but retail inflation is still restrained.”
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