Joshua Shapiro Data Quotations

This is actually fairly amazing given all the uncertainty engendered by the effect of the hurricanes on September data that has yet to be reported.

The Fed will be keeping a close eye on wage data in the coming months.

Clearly, as this sales data and also the mortgage application data show, there is plenty of strength still in housing. However, is this, as we speculate above, fence-sitting buying ahead of perceived rate increases, or can this pace be maintained as buyers think that low rates will last for the foreseeable future?

They are being as clear as they possibly can be about raising rates in December without knowing what the data will be in the next month,

Combined with the fact that today's retail sales data point to a surge in July personal consumption, this means that the consumer entered Q3 with substantial momentum.