Ian Shepherdson Quotes

The Fed will likely ease on Nov. 6, but the Beige Book has not changed the odds... And it tells us nothing about the future of the economy or Fed policy.

- Ian Shepherdson

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Ease | Beige | Book | Changed | Odds |

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These are spectacular numbers and confirm that the labor market is not at the moment the source of anything that could be plausibly described as inflationary pressure. - Ian Shepherdson

The data suggest real consumers' spending rose marginally last month -- but we still expect only a 1.5 percent annualized increase in the fourth quarter. - Ian Shepherdson

Eventually, the housing slowdown will affect retail sales too, but that is probably a story for the spring of next year, at the earliest. - Ian Shepherdson