Steven Wood Despite Quotations

Consumers still remain optimistic about the future despite having some concerns about the present. This is very typical of a business cycle turning point,

After adjusting for the storm effects, both initial and continuing claims appear to be near their pre-hurricane levels, indicating that labor markets remain strong despite the weak October payroll employment report.

Despite the loosening of the labor markets, income gains remain sufficient to support spending at a moderate pace.

Despite the brief moderation in consumer attitudes, consumers appear to be spending heavily still, urged on by widespread hiring and income growth.

Despite some better-than-expected data over the past two weeks, this report is sufficiently gloomy to force the Fed to ease next Tuesday and retain their bias toward further economic weakness.

Despite rising interest rates and higher energy costs, the consumer remains remarkably resilient.

Despite improving international economies, the strong dollar is limiting the expected rebound in exports.

Despite this gain the outlook is still for sluggish growth over the next six months,

Despite the strength during the quarter, the period ended on a much weaker note, suggesting (second-quarter) growth is likely to be weaker. These data are unlikely to sway the (Fed) from easing again at (its) May 15th meeting.

Despite a robust economy and tight labor markets, inflation is still low and steady. These data provide some relief for the Federal Open Market Committee.

Housing activity remains quite robust despite the slowing economy, decline in jobs, and faltering stock market.