Ian Shepherdson Quotes

We fully expect sentiment to drop sharply, putting in place the conditions for much softer consumer spending numbers.

- Ian Shepherdson

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Fully | Expect | Sentiment | Drop | Sharply |

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One steep drop in housing starts does not make a downward trend, especially in a month which was very wet in the West and very cold in the Northeast. Still, the data are consistent with other signs of a softening housing market, most notably the drop in homebuilders' confidence. What really matters, though, is whether sales will fall fast enough to turn a softening into a collapse. - Ian Shepherdson

This reads like they are more scared than they have been willing to admit. And that they are ready to cut rates further - maybe soon. - Ian Shepherdson

Clearly good numbers, reinforcing the Fed view that much of the spring rise in inflation was 'transitory' - but good CPI numbers alone will not stop rates rising slowly. - Ian Shepherdson