Ian Shepherdson Quotes

The need for higher rates may now be even greater than before the storm.

- Ian Shepherdson

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Higher | Rates | Greater | Storm |

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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

If these declines were part of the normal economic cycle we would now call for a recession in the U.S., but they aren't. The index is responding to a shock, and we expect it quickly to rebound. - Ian Shepherdson

Manufacturers are still miserable, and output will keep falling for some time, but they can now see light at the end of the tunnel... They are working off their excess inventory ... and are now hopeful of stronger orders by the year-end. - Ian Shepherdson