Alan Ackerman Slow Quotations

Rate hikes bite different sectors of the economy at different rates. For example, one of the key areas that was hit hard and appears to be slowing down is housing. Consumer spending will take some time to slow down, maybe three to six months out. But in any case, what the Fed is targeting is                   GDP of 5 percent this year and a GDP hopefully next year of closer to 4 to 4-1/4 percent.

Retail investors appear to be slower to commit funds to the market this time, ... The market's momentum and volatility has caused some investors to step aside as the market has worked lower.

While the president may be in trouble, the U.S. economy does not appear to be in trouble as of now. We have a positive economic backdrop, with low inflation, low interest rates On balance, the American economy, while slowing down, continues to be strong.

My feeling is the Fed hasn't clearly indicated that it's fighting a slower economy rather than inflation. Economists and individual investors would like to see the Fed cut rates by 75 basis points and I do believe that would take some of the pressure off the consumer.

One can hardly ignore the strength or weakness of the earnings reports coming out nor can they ignore the slowing state of the U.S. economy.

Bargain hunters are surfacing today. The feeling going into next year is the economy is going to slow down.

There are continued uncertainties, ... The U.S. economy is slowing and commensurate with that is slowing consumer spending and corporate spending.