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Ian Shepherdson Quotes

The January revision is mostly due to the plunge in aircraft orders reported in the durable-goods numbers. In February, the index was pulled down by lower consumer confidence, higher jobless claims, shorter delivery times and lower building permits. - Ian Shepherdson

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January | Revision | Plunge | Aircraft | Orders |

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The Fed is now explicitly conducting monetary policy with the aim of supporting stock prices. - Ian Shepherdson

With productivity likely to slow a bit further, there is little room for maneuver. In short, good news today but not enough alone to change the outlook. - Ian Shepherdson

The new Fed Chairman clearly expects to have to raise rates a bit further, but the extent of the tightening is dependent on the relative performance of the labor and housing markets. - Ian Shepherdson

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