Joshua Shapiro Quotes

They are being as clear as they possibly can be about raising rates in December without knowing what the data will be in the next month.

- Joshua Shapiro

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They are being as clear as they possibly can be about raising rates in December without knowing what the data will be in the next month. - Joshua Shapiro

A softening trend for consumer spending is the most likely outcome for most of this year, particularly as housing cools off. However, we do not think that consumer spending growth is going to fall apart anytime soon. - Joshua Shapiro

I think they are trying to say that they can still do their tightening 25 basis points at a time, but they still have a long way to go in raising rates. Essentially, the message is, 'if you think we're nearly done, think again'. - Joshua Shapiro