Pierre Ellis Great Quotations

The outlook on the economy is still subject to great uncertainty, but it's quite clear that there was no stumbling underway when the hurricanes hit.

Having imports grow as the economy is slowing is telling you that American companies are facing great competitive pressure, especially in capital equipment. It doesn't help American companies because international competition remains very, very strong.

This will probably be of great satisfaction to the Fed and will convince them that economic growth is on track without worrying them that interest rates are seriously too low.