The Fed's Beige Book acknowledges some of the improvement evident in recent economic data, but the tone of the survey could not yet be described as a ringing endorsement of the recovery story,
More Quotes from Ian Shepherdson:
Inventories remain very low and will add to third quarter and fourth quarter growth, too.Ian Shepherdson
If sharply higher interest rates, and a plunging Nasdaq make people more optimistic, we are at a loss to know what it will take to depress confidence,
Ian Shepherdson
With manufacturing activity clearly accelerating...it is hard to see Monday's ISM report as anything but bad news for Treasuries and yet more evidence of the need for tighter policy,
Ian Shepherdson
We remain of the view that the Fed's near-term objective is simply to support the stock market until consumer and business sentiment improves,
Ian Shepherdson
This level of the ISM is not consistent with recession,
Ian Shepherdson
There is a specific reference in February to 'the pace of policy moves at upcoming meetings ... would depend on incoming data', suggesting a degree of potential flexibility that was absent from the December minutes,
Ian Shepherdson
Readers Who Like This Quotation Also Like:
Based on Keywords: beigeA sitcom isn't usually the right tool for satire.
Chris Morris
I like to have books around to give me ideas-to get the verbal part of my brain to start working.
Sean Lennon
The love of one's country is a splendid thing. But why should love stop at the border?
Pablo Casals