270 Quotes by Ian Shepherdson

Most notable was the leap in the prices-paid index, ... this is simply a reflection of higher oil prices but it may not have been fully anticipated in the markets.

This is slightly baffling, given that existing home sales have been strengthening, ... It may be a reflection of caution on the part of builders, who have been reluctant to keep pace with sales because of fear the market strength will not last.

The chairman will likely tell the House Budget Committee that conditions are set for recovery.

We doubt this can be sustained as the reality of $2.60- plus sinks in. For now, though, it looks good.

The chairman's remarks clearly signal rates will rise this month, though we remain of the view that a November hike is not yet a done deal.

This is something of a surprise, given the relative strength of most of the regional surveys. The latter are not always a perfect guide to the national ISM but they rarely send such a clear, but wrong, signal.

We doubt that this report unambiguously points to slower growth ahead --but it does mean no rate hike on (Aug.) 22,

The upcoming data will soon enough force the Fed to change its stance, otherwise it will begin to look ridiculous,

The details are not as important as the overall message, which is that to the extent that the U.S. economy faces an inflation threat, it is not coming from core goods prices.