270 Quotes by Ian Shepherdson

We have no real idea what the number next week will be, but we can be pretty sure that for the next few weeks the data will tell us next to nothing about the state of the economy across the country outside the areas hit by the storm.

There is nothing here that looks remotely inflationary,

the need for higher rates may now be even greater than before the storm.

There is still a good chance for an August hike, but we are leaning increasingly to September or even November.

There is a specific reference in February to 'the pace of policy moves at upcoming meetings ... would depend on incoming data', suggesting a degree of potential flexibility that was absent from the December minutes,

Skeptics will argue this is just a post-war bounce that won't last, but we disagree, ... The ISM was in the mid-50s before the war, thanks to very loose policy, and there's no reason why it can't return to those levels very soon. The Fed does not need to ease again.

We fully expect sentiment to drop sharply, putting in place the conditions for much softer consumer spending numbers.

We've seen pauses in sales before; (it's) too soon to call this a trend.

There is certainly nothing in this report to suggest any serious slowing, or any slowing at all, in the economy is near.