Ian Shepherdson Quotes

We remain of the view that the Fed's near-term objective is simply to support the stock market until consumer and business sentiment improves.

- Ian Shepherdson

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Remain | View | Term | Objective | Simply |

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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

These data leave confidence very close to its cycle high, and completely unaffected by higher interest rates... Together with the rise in home sales also reported today, the data sit very uneasily with Mr. Greenspan's dovish tone last week and again today. - Ian Shepherdson

His conclusion, in essence, is that much of the productivity explosion of recent years is permanent, but there is a risk that there is significant cyclical element too. Unfortunately, this leaves us none the wiser as to his intentions at the next (Federal Open Market Committee) meeting. - Ian Shepherdson