The bottom line here is that the month-to-month volatility in the durable orders data is such that the true information content in a single report is very small -- there's just too much noise.
More Quotes from Ian Shepherdson:
Companies seem to have acted very quickly this time around once they realized that economic growth was slowing sharply, ... Overall, the data suggest talk of a labor market meltdown is overdone.Ian Shepherdson
This is a sign that the committee is beginning to think aloud about shifting to a more neutral position - but the forecast of significantly slower growth will have to come first, ... For now, the elevated headline inflation rate and the tight pool of available labor remain bigger concerns, so the Fed's guard is still up.
Ian Shepherdson
The upcoming data will soon enough force the Fed to change its stance, otherwise it will begin to look ridiculous,
Ian Shepherdson
This hugely strong report will doubtless be cited as evidence that the housing market is not slowing. However, the extremely warm January weather surely distorted these data, just as it boosted retail sales and depressed industrial production.
Ian Shepherdson
With three sub-300,000 numbers in the past four weeks, it is beginning to look as though there has been some real improvement in the labor markets this year.
Ian Shepherdson
After four straight months of worse-than-expected core CPI numbers, (this report provides) some relief.
Ian Shepherdson
Readers Who Like This Quotation Also Like:
Based on Keywords: month-to-monthEven institutions of State, such as the judiciary, were seriously weakened, to the extent that the citizenry justifiably feared a breakdown in law and order. The business community was hit by a slump in sales and confidence, leading to reduced earnings and loss of jobs.
Kamisese Mara
I grew up in Kentucky, but I did not grow up like that. I had heat, and I didn't have to shoot my dinner or anything.
Jennifer Lawrence
We have used the presence of UNMIK, as well as other European and American agencies to establish a legal framework compatible with the European Union and that is already an advantage. We have seen the positive effects of this and our parliament will continue to go this way.
Ibrahim Rugova