Ian Shepherdson
Ian Shepherdson
Ian Shepherdson is an award-winning British economist. He is the founder and Chief Economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with an office in White Plains, New York. In February 2015, he was named The Wall Street Journal's US economic forecaster of the year for the second time, having previously won the award in 2003...
confidence ease favor fed meantime next odds rebound surely
We think confidence will rebound next month, but in the meantime the odds surely now favor a Fed ease next week,
october rebound signal since strong sustained
The rebound in expectations since October is still big enough to signal strong first-quarter consumption, but not a sustained boom.
asian continuing exactly fed rebound report
This report indicates manufacturing is continuing to rebound from the Asian crisis, which is exactly what the Fed expects.
almost cash caused certainly core energy flow hit hugely leap rebound result sales strongly
Core sales slowed hugely at the end of the year, almost certainly as a result of the cash flow hit caused by the post-Katrina leap in energy prices. This is now over, and sales should rebound strongly in the first quarter.
cuts extent further interest lesser presumably prices rebound reflection rise stock though
The rise in (confidence) is presumably a reflection of the rebound in stock prices and -- though to a lesser extent -- the further cuts in interest rates,
dip ensure expect home housing low lower mortgage quarter rates rebound recession reflects renewed sales sector strength
The renewed strength in home sales reflects lower mortgage rates; we expect rates to dip to a 14-month low this week. The housing rebound will ensure construction sector strength in the first quarter of 2001. No recession here.
auto awful held largely october rebound rose sales spending
Nominal spending was held down by a 0.4% energy-induced plunge in the PCE deflator, so real spending rose a hefty 0.7%. A rebound in auto sales after the awful October was largely responsible for this.
deficit next rebound trends underlying
The underlying trends are still adverse, however, and the deficit will rebound next month.