Ian Shepherdson Quotes

While claims at 350,000 or so would not be a disaster, they would be consistent with (monthly) payrolls trending at only about 125,000 -- not enough to push the unemployment rate any lower.

- Ian Shepherdson

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Claims | Disaster | Consistent | Monthly | Payrolls |

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The January revision is mostly due to the plunge in aircraft orders reported in the durable-goods numbers. In February, the index was pulled down by lower consumer confidence, higher jobless claims, shorter delivery times and lower building permits. - Ian Shepherdson

The Fed will deal with (the housing-jobs mix) by hiking in January and March and hoping that the housing softening will be sufficient to get them off the hook by May, though I think that's a close call. - Ian Shepherdson

[The switch is] presumably to squash speculation that they are embarking on a new sequence of rate cuts... This is sensible -- they can always change their mind if they have to, but in the near term it will quiet the markets. It is also consistent with their medium-term view that the economy will indeed recover in the not-too-distant future. - Ian Shepherdson