Bruce Steinberg Robust Quotations

Rising oil prices are the biggest risk to what is otherwise shaping up as a robust recovery. Every $1 increase in the price of oil drains about $5 billion from the U.S. economy, if sustained for a year.

Robust growth probably won't get going until the second half of the year. The first tightening move by the Fed is unlikely to occur until late summer at the very soonest.