“The weaker the data available upon which to base one's conclusion, the greater the precision which should be quoted in order to give the data authenticity.”
Norman R. Augustine
“Be precise. A lack of precision is dangerous when the margin of error is small.”
Donald Rumsfeld
“The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.”
Steve Barrow
“The recent set of data came weaker than a market consensus, but the basic trend is that the economic recovery is in progress.”
Susumu Abe
“The combination of a sharp rebound in US equities, a slightly weaker dollar and strong Chinese data seems to have been enough to underpin the metals.”
William Adams
“Some of the U.S. data has been a bit weaker. A slowdown puts into question more rate rises there.”
Craig James
“The 50-basis-point increase in May, combined with the previous moves by the Fed, and weaker economic data should encourage them to wait.”
Bob Lynch
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