Ian Shepherdson
Ian Shepherdson
Ian Shepherdson is an award-winning British economist. He is the founder and Chief Economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with an office in White Plains, New York. In February 2015, he was named The Wall Street Journal's US economic forecaster of the year for the second time, having previously won the award in 2003...
blame core gas sales softness soon tempting
It is tempting to blame the softness of core sales on the surge in gas prices, but we think it is too soon for that.
activity begun close couple current early expect levels next remain starts though year
By early next year we expect starts to have begun to decline, though activity can probably remain close to current levels for another couple of months,
appear data point recent renewed sales
Overall, the recent sales data appear to point to a renewed upturn in spending.
bar clearly downside further looking risks
Looking forward, downside risks remain, and there is clearly no bar on further easing,
continue faster greenspan risks
Mr. Greenspan is set to continue the unloosening, the risks of which are 'outweighed' by the benefits, and he'll go faster if he has to,
accept apparently caused claims data events exactly extra flow job losses second slowing straight
For the second straight week, jobless claims have substantially undershot the consensus, ... Analysts apparently do not want to accept that the flow of extra job losses caused by the events of Sept. 11 is slowing sharply, but that is exactly what the data indicate.
bad data future inflation margins news
(These data are) bad news for (corporate profit) margins or future inflation -- or both,
alone clearly fed good inflation numbers rates rise rising spring stop view
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.
report
This report augurs very well for the holidays.
both change good growth lifts point quarter report starting
This report does not change the big picture, but it lifts the starting point for growth in both the first quarter and 2003 as a whole; good news,
asian continuing exactly fed rebound report
This report indicates manufacturing is continuing to rebound from the Asian crisis, which is exactly what the Fed expects.
report stronger
This report is much stronger than it first appears.
consistent gathering industrial looks recovery report stronger
This report is stronger than it looks and is consistent with the industrial recovery gathering pace,
bit fed leave less markets perhaps pushing report
This report will leave the markets still pushing for a Fed ease...but perhaps with a bit less conviction, ... It is still not a done deal.