It’s a business-led recovery. Manufacturing is going to be a part of it in a noticeable way and you’ll see it leak down.

Joseph LaVorgna, chief U.S. economist at Deutsche Bank, though a recent measure of Chinese manufacturing declined, per HSBC, recently

An increasing number of American households, and this is true in my district and I think around the country, are regaining some confidence in their job prospects, their income prospects and that’s leading to a gradual expansion of consumer spending

Jeffrey Lacker, Federal Reserve Bank of Richmond President: Bloomberg

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