Ian Shepherdson Quotes
The wage story is gathering real momentum. The Fed is going to 5%, and more if housing does not collapse by mid-year. 
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Wage | Story | Gathering | Real | Momentum |
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Ignore the ISM at your peril... Assuming this report is not a fluke - everything we look at suggests it is very real - it is consistent with year-over-year GDP growth accelerating to 4 percent by the summer.
- Ian Shepherdson
My guess is it won't be very exciting because he already told us three weeks ago what he thinks. He's certainly not going to say anything that suggests the Fed might be thinking about not cutting rates as soon as the market thinks but I don't think he'll want to give the impression that they're going to slash rates even more aggressively.
- Ian Shepherdson