Ian Shepherdson Thinking Quotations

My guess is it won't be very exciting because he already told us three weeks ago what he thinks. He's certainly not going to say anything that suggests the Fed might be thinking about not cutting rates as soon as the market thinks but I don't think he'll want to give the impression that they're going to slash rates even more aggressively.

It now seems appropriate to start thinking about a fed funds rate as low as 4 percent by the summer.