Ian Shepherdson November Quotations

The statement leaves room for inaction in November if the data fail to thrive.

November will be better, but the past year's flat trend in the core deficit seems to be breaking.

The chairman's remarks clearly signal rates will rise this month, though we remain of the view that a November hike is not yet a done deal.

At best, November retail sales will eke out a small gain, and we would not be at all surprised if the numbers were to dip a bit.

Overall, this is a very robust report. There was a big upward revision to November orders excluding transportation, to a gain of 0.6% from down 0.6%.