Drew Matus Quotes

Found 82 quotes by Drew Matus.
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"There have been historical precedents where people have spent well in excess of what they've earned from foreign trading partners for extended periods of time and nothing has happened. The big wild card is you have a reserve currency (such as the dollar), how much extra room does that give you. That's the $100,000 question, or the $100 million question, or the $1 trillion question."

Drew Matus Topics: Excess

"With this kind of income growth, the consumer has room to run. This tells us we don't need to worry about the first quarter."

Drew Matus Topics: Growth

"We continue to expect the Fed to raise rates three more times, raising the fed funds rate to 4.50 percent by the end of January."

Drew Matus

"The important thing, though, (it that) it's a January number. So we ended the fourth quarter on 1.1% GDP growth, but now, starting the next new quarter, we're going to have this surge in housing activity. And it's going to add to GDP estimates for the first quarter."

Drew Matus

"[The data] came right in [line with] what the Commerce Department was estimating, and it won't have any impact on the GDP equation."

Drew Matus

"The trend in this data suggests a stronger payroll report than we had been anticipating."

Drew Matus

"Hiring a Fed chairman is like firing a missile. There's no recall button."

Drew Matus

"There seems to be a fight about every nomination that Bush puts up. But even if it was a 51-49 vote, it's not like they can recall him."

Drew Matus

"I think these minutes ratify the middle view in the markets, not that the Fed's done and not that the Fed's going to 6 percent."

Drew Matus

"An extraordinarily weak figure for August. As a result, we are lowering our Philadelphia Fed survey forecast to 18.0."

Drew Matus

"The ISM reports are honestly not the best way to go about forecasting the payroll report."

Drew Matus

"The decline in the index was the result of another move down in consumers' view of their personal finances -- most likely as a result of the continuing high level of oil prices, the job outlook, another Fed rate hike and the continued negative remarks on the state of the economy during the run up to the election in November."

Drew Matus Topics: Consumers

"Treasury has claimed it didn't want to issue anything beyond 10-years because that tied their hands. Now the market's thinking that if a 20-year is suddenly OK, then why not bring back the 30-year?"

Drew Matus

"I would have thought people would have changed their earnings expectations given that higher rates were expected to slow growth. The expectation all along was that because of productivity growth, companies would be able to keep boosting their profit margins, even if they weren't producing as much in goods and services, but that's obviously is not the case."

Drew Matus

"Higher oil increasingly will creep into the indicators. Today, it biased the trade gap higher and pushed up import prices and also impeded the consumer sentiment number."

Drew Matus

"Could there have been an impact from the storm? Yes. Can we quantify it? No."

Drew Matus

"While this raises a red flag, no one should be in panic mode just yet."

Drew Matus

"Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown."

Drew Matus Topics: Growth

"People are going to take advantage of the lower interest rates to buy big ticket items like automobiles. People are buying what's cheap. The impact occurs more in the luxury spending areas."

Drew Matus Topics: Automobile

"We have had an extraordinary period of job growth the last four months. The bond market is always worried about higher growth, and the equity market is concerned that the Fed might be more likely to overshoot, and take rates too high."

Drew Matus Topics: Growth

"We expect a balanced speech that reaffirms that a March hike is likely, but that subsequent moves are data-dependent."

Drew Matus Topics: Speech

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