Joshua Shapiro Quotes

We're in the early stages of a slowdown in the housing market.

- Joshua Shapiro

Tags

Early | Stages | Slowdown | Housing | Market |

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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

The Fed isn't going to get exited about inflation in the labor market. At this stage they are focusing on core inflation at the consumer level and growth. Certainly, the news lately on the growth side has been quite good. - Joshua Shapiro

I don't see the comments from these two representing a change in the Fed's policy. Everyone knows that rates this low can't last, but the same issues remain -- 'When do you raise rates? What is the right timing'? - Joshua Shapiro