19 Aug 2005 Economic Growth Remains Strong and Widespread
Posted at 14:49h
in The Friday Brief
On most every front, housing, manufacturing, jobs, consumer demand, jobs, and corporate profits, the economy looks strong. Growth should be sustainable for the foreseeable future, as long as the Fed doesn’t go too far with their rate increases. Unfortunately, recent inflation data is not sufficiently benign to suggest the Fed may slow their pace any time soon. On the positive side though, oil prices which topped $67.00 last Friday may have peaked.