With anticipations of higher rates still clearly in the minds of buyers, we cannot rule out fence-sitters rushing ahead of higher rates.
More Quotes from Joshua Shapiro:
We continue to expect the Fed funds target to reach 5 percent in the second quarter of next year, which is where we see the tightening process ending. Comments from Fed officials suggest that they expect only a temporary hit to growth from higher energy prices, while concern about a drift up in core inflation is increasing.Joshua Shapiro
In the third quarter, trade will resume its role as a weight on growth, but we are still likely to see a robust G.D.P. picture.
Joshua Shapiro
The information in the report is considered dated because the current focus is on the extent of the damage to the nation's energy and trade infrastructure and therefore on the lasting nature of the effect Hurricane Katrina.
Joshua Shapiro
If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.
Joshua Shapiro
We would not jump to any conclusions based on these numbers, particularly as the weekly jobless claims figures, adjusted for hurricane effects, point to considerably stronger job growth than reported.
Joshua Shapiro
While we have seen an increase today versus a forecasted decline, housing starts are currently doing on a trend basis what many have forecasted remaining on a high plateau, unable to move higher but not seeing demand fall off enough to take starts lower.
Joshua Shapiro
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