Ian Shepherdson Slower Quotations

We doubt that this report unambiguously points to slower growth ahead --but it does mean no rate hike on (Aug.) 22,

We doubt that this report unambiguously points to slower growth ahead -- but it does mean no rate hike on the 22nd.

These data again show that when people have substantial net assets, slower income growth need not kill spending,

This is a sign that the committee is beginning to think aloud about shifting to a more neutral position - but the forecast of significantly slower growth will have to come first, ... For now, the elevated headline inflation rate and the tight pool of available labor remain bigger concerns, so the Fed's guard is still up.