Joshua Shapiro Quotes

We continue to expect the Fed funds target to reach 5 percent in the second quarter of next year, which is where we see the tightening process ending. Comments from Fed officials suggest that they expect only a temporary hit to growth from higher energy prices, while concern about a drift up in core inflation is increasing.

- Joshua Shapiro

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We would not jump to any conclusions based on these numbers, particularly as the weekly jobless claims figures, adjusted for hurricane effects, point to considerably stronger job growth than reported. - Joshua Shapiro

This is actually fairly amazing given all the uncertainty engendered by the effect of the hurricanes on September data that has yet to be reported. - 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