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...
august bad data force greenspan rate willing
We think Mr. Greenspan is willing to give the data a chance; it will take bad data to force an August rate hike,
bad bear july mind survey volatile weekend
Bear in mind this survey is always more volatile than the ISM, and there may be an outsized July 4 long weekend effect, too. But these are bad numbers.
bad case cause clearly good hard inflation prices problems recent threat trend
It is hard to make the case that the inflation threat from import prices is serious. The trend is clearly not as good as in the recent past, but it is not bad enough to cause any problems on its own.
bad clearly pressure
Overall, this is not too bad a report, but clearly there's some pressure in some sectors.
bad data future inflation margins news
(These data are) bad news for (corporate profit) margins or future inflation -- or both,
bad confidence despite dip fears further high hit job looks might month numbers
Despite undershooting the consensus, these numbers do not look too bad to us. Confidence might well dip further -- job fears hit a 28-month high this month -- but the big plunge looks to be over.
bad confidence despite dip fears further high hit job looks might month numbers
Despite undershooting the consensus, these numbers do not look too bad to us, ... Confidence might well dip further -- job fears hit a 28-month high this month -- but the big plunge looks to be over.
bad change good last news overall trade worst
At last some good -- or at least not so bad -- news, ... don't change the overall trade picture, but we think the worst news is over.
change cut economic falling numbers october outlook quarter rate reflect rising second shock
This will doubtless shock the markets, and makes an October rate cut more likely, but it does not change the outlook for a near-term recovery, ... Falling employment, rising unemployment lag activity. These numbers reflect the second quarter economic stall.
expect reason
There is no reason yet to expect a real weakening in sales.
oil price prices reflects report rise shows stop worrying
The price index was up, ... This reflects the rise in oil prices and not much else, but that won't stop doom-mongers worrying about it. In short, the report shows manufacturing is still on track.
bit fed leave less markets perhaps pushing report
This report will leave the markets still pushing for a Fed ease...but perhaps with a bit less conviction, ... It is still not a done deal.
consistent gathering industrial looks recovery report stronger
This report is stronger than it looks and is consistent with the industrial recovery gathering pace,
report stronger
This report is much stronger than it first appears.