The Fed will likely ease on Nov. 6, but the Beige Book has not changed the odds, ... And it tells us nothing about the future of the economy or Fed policy.
More Quotes from Ian Shepherdson:
Clearly, there is no near-term inflation threat coming from the labor market. In short, great numbers, which will prompt yet more talk of miracles.Ian Shepherdson
Tuesday's housing-start numbers support our view that residential investment likely rose by about 5 percent on an annual basis in the fourth quarter -- perhaps enough to make the difference between positive and negative GDP,
Ian Shepherdson
The survey has a good track record and the signal it is sending cannot be welcome at the Fed.
Ian Shepherdson
A clearer demonstration of the unpredictable havoc Easter plays with seasonal adjustments you could not hope to see,
Ian Shepherdson
The pattern in claims in recent months is strikingly similar to 1990 -- a long slow climb and then a sudden acceleration as layoffs accelerated,
Ian Shepherdson
It signals that the labor market has now moved again to center stage in the Fed's analysis and policymaking process.
Ian Shepherdson
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Based on Topics: Future QuotesI learned to read and write and socialize in school, and that's pretty much it.
Rick Springfield
To flatter and follow others, without being flattered and followed in turn, is but a state of half enjoyment.
Jane Austen
To make the argument that the media has a left- or right-wing, or a liberal or a conservative bias, is like asking if the problem with Al-Qaeda is do they use too much oil in their hummus.
Al Franken