59 Quotes by Joshua Shapiro

The national labor market numbers are being skewered by the hurricanes at the moment and it's going to be a few months before we get a clean read.

The big question now is how much companies will be able to raise prices for finished products to offset the hit to profits from higher unit labor costs.

A softening trend for consumer spending is the most likely outcome for most of this year, particularly as housing cools off. However, we do not think that consumer spending growth is going to fall apart anytime soon.

This is actually fairly amazing given all the uncertainty engendered by the effect of the hurricanes on September data that has yet to be reported.

They are being as clear as they possibly can be about raising rates in December without knowing what the data will be in the next month,

They are basically saying what every Fed official who has opened his mouth in the last month has said, ... The Fed is going to continue to nudge short-term interest rates, unless something disastrous happens.

It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.

It's mighty difficult the closer you get to the consumer to raise prices, and that remains the case. There is a big debate out there as to how long can this continue.

It's more of a reason to believe that things are going to slow down.