Ian Shepherdson Quotes

The headline was pulled down by slightly bigger declines in gasoline, natural gas and fuel oil prices than we expected. Core PPI is now up just 1.7% year over year, down from May's 2.8% peak. It will slow further in the wake of the slowing in raw-materials prices, but the Fed cares much more about the labor market than PPI.

- Ian Shepherdson

Tags

Headline | Pulled | Slightly | Bigger | Declines |

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It is beginning to look as though there has been a real improvement in the labor market at the start of this year. - Ian Shepherdson

The upcoming data will soon enough force the Fed to change its stance, otherwise it will begin to look ridiculous. - Ian Shepherdson

The rise in (confidence) is presumably a reflection of the rebound in stock prices and -- though to a lesser extent -- the further cuts in interest rates. - Ian Shepherdson