We should start to see better numbers in the May data. If we don't see improvement, it would be much more worrisome than the recent weakness and might inspire the Fed to cut in June. My own view is that we will see better numbers.

Henry Willmore

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Profits will probably still decline in the second quarter, but at a slower rate than in the first quarter.

— Henry Willmore

The more important development more recently was the tax cut that was enacted over the weekend, which will provide some pretty good support for consumer spending over the next few quarters.

— Henry Willmore

We're headed to around 6.5 percent sometime in the first half of next year.

— Henry Willmore

This is one of the more surprising moves the Fed has made in a long time. I'm a little bit puzzled by this.

— Henry Willmore

Their number is in the right ballpark. It could have a substantial effect potentially.

— Henry Willmore