Ian Shepherdson Quotes

The drop in stock prices is no excuse to beginning cutting rates, as some in the market desperately want to believe... Given where oil prices are and given what the fundamentals still suggest, I don't see the Fed doing anything for the time being.

- Ian Shepherdson

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Drop | Stock | Prices | Excuse | Beginning |

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This is a sign that the committee is beginning to think aloud about shifting to a more neutral position - but the forecast of significantly slower growth will have to come first... For now, the elevated headline inflation rate and the tight pool of available labor remain bigger concerns, so the Fed's guard is still up. - Ian Shepherdson

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. - Ian Shepherdson

The bottom line is that a one-month decline in this measure does not reverse the clear, firm upward trend. - Ian Shepherdson