Steven Wood Cycle Quotations

It confirms that the (Fed) was correct in pausing their tightening cycle at last week's meeting.

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

Although manufacturing activity is still expanding, momentum in the manufacturing sector has clearly faded. This report confirms that the FOMC was correct in pausing their tightening cycle at last week's meeting.