Last quote by Elad Pashtan
Core retail sales were softer than we had anticipated, and imply a bit less consumer spending on goods. The industrial production report showed slightly higher vehicle assembly than we had anticipated, and the business inventories report showed slightly higher levels of retail inventories.feedback
Sep 15 2016
“In addition, lower sales of building materials, furniture and appliances brought our tracking estimate for residential investment down too. The (industrial production) report for August left our GDP tracking estimate unchanged after rounding as softer inventories were offset by stronger structures investment.” said Elad Pashtan on this article: Street economists cut Q3 GDP estimates after retail sales miss. This page contains 2 articles quoting Elad Pashtan. Main topics on which Elad Pashtan is quoted are August and FOMC. In addition you’ll find 4 quotes there. All these quotes are mentioned on this page and you can filter them by date and by topics.
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Quotes by Elad Pashtan
Sep 15 2016
In addition, lower sales of building materials, furniture and appliances brought our tracking estimate for residential investment down too. The (industrial production) report for August left our GDP tracking estimate unchanged after rounding as softer inventories were offset by stronger structures investment.feedback
Sep 01 2016
Our below-consensus forecast primarily reflects seasonal quirks specific to the August payroll period. In our view, the initial August weakness and subsequent revisions reflects seasonal adjustment challenges related to shifts in the timing of school calendars.feedback
Sep 01 2016
The August employment report will be an important input into the FOMC decision. A below-consensus number may well lead the bond market to reduce its expectations for a rate hike, but it is possible that Fed officials would look through moderate weakness given 1) the strength of the June/July payroll gain, 2) their sub-100k estimate of the 'breakeven' payroll gain, and 3) the well-publicized tendency for weak first prints in August.feedback
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