Ian Shepherdson Quotes

With the fastest productivity growth and biggest drop in unit labor costs in seven years, the numbers are certainly worth shouting about, but as yet we are far from convinced that much of the improvement is structural. Mr. Greenspan is of the same view, which is why rates are going up no matter what happens to productivity growth.

- Ian Shepherdson

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Fastest | Productivity | Growth | Biggest | Drop |

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Expectations are a leading indicator and are consistent with modest spending gains. Stronger stocks will push the index up further, and soon. This is a good report. - Ian Shepherdson

We believed the underlying level of claims peaked in the spring. This suggests that they may now genuinely have begun to decline. - Ian Shepherdson

The chairman's remarks clearly signal rates will rise this month, though we remain of the view that a November hike is not yet a done deal. - Ian Shepherdson