Ian Shepherdson Quotes

The labor market is tightening, but the tightening is not accelerating.

- Ian Shepherdson

Tags

Labor | Market | Tightening | Accelerating |

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The surge in activity is a lagged response to the strength of new home sales, and with mortgage demand now well off its highs -- though still strong -- it probably can't last... But there is no reason to expect an immediate plunge, not least because permits rose again in February, for the fourth straight month. - Ian Shepherdson

Looking forward, we think there is next to no chance these numbers mark the start of a real slowing in consumer spending. The markets will no doubt take comfort from the headlines, but it is temporary relief. - Ian Shepherdson

We expect further gains over the next couple of months in the wake of the plunge in gasoline prices. If we're right, the data will signal first quarter consumption growth of the order of 4 percent. - Ian Shepherdson