Bruce Steinberg Signs Quotations

For recovery to have any real oomph, capital spending will need to rebound. So far there are no signs of that, and we don't expect a turn until the first half of next year. So in the near term, the economy will probably remain soft enough to justify at least one more Fed move.

With the economy showing signs of life, the Fed easing cycle is probably at an end. We expect the Fed to hold steady.

And the signs since the fourth quarter suggest growth picking up in the first quarter more strongly than most people had anticipated. So I would say the recovery is here.

The U.S. economy shows further signs of stabilizing, though a true recovery is still some months away. Consumers will determine the near-term outlook and signs are positive.

The U.S. economy has yet to show convincing signs of a bottom but that doesn't mean monetary policy isn't working. We continue to look for a strong economic rebound by the fourth quarter.