(The GDP and inflation data) won't prevent modest further easing,
More Quotes from Ian Shepherdson:
The January revision is mostly due to the plunge in aircraft orders reported in the durable-goods numbers. In February, the index was pulled down by lower consumer confidence, higher jobless claims, shorter delivery times and lower building permits.Ian Shepherdson
Our forecast was undone by two factors. The impact of the post-Katrina spike in oil prices is lingering it will eventually fade. Second, trade in goods ex-oil and aircraft -- core -- deteriorated again.
Ian Shepherdson
At its current level, confidence is consistent with real consumers' spending growth of about 3 percent -- not great, but not a double-dip.
Ian Shepherdson
After the attack on Pearl Harbor, the New York stock market fell 5 percent over two days. As the United States mobilized and expressed its resolve in the ensuing days, the stock market came back.
Ian Shepherdson
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.
Ian Shepherdson
No doubt these numbers will be taken by the market as a clear sign of a softening housing market and, by implication, an indication that higher interest rates are biting. We are much more skeptical housing starts lag home sales, which have been depressed in recent months more by lack of inventory than by higher interest rates.
Ian Shepherdson
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