Derek Holt
Derek Holt
Derek John Holtis an English guitarist who has played for Climax Blues Band...
approach clear continued economy fairly fed footing hints measured monetary signal solid sticking view
Our view is that the U.S. economy was on a solid footing by most indicators going into the shock. If the Fed hints at being comfortable with this argument, then it will be a fairly clear signal that it is sticking to a measured approach to continued monetary tightening.
advanced albeit both data expected gas held industrial less likely next production retail round sales sets
Retail sales excluding autos and gas held up strongly, while industrial production advanced albeit at a less than expected pace. Both sets of numbers, however, are likely to weaken when the next round of monthly data comes in.
healthy housing interest markets rates remain
Even with interest rates going up, housing markets will remain healthy going into 2006.
debate inflation kick point starts whether
There's some debate about whether we're at the point where inflation starts to kick in.
consumers cycle debate federal mean measure near passed prices producer quite renewed reserve rising whether
Look for renewed debate on whether rising producer prices will be passed through to consumers in the CPI measure of inflation, ... If so, that may well mean that the Federal Reserve isn't quite as near to the end of its tightening cycle as previously thought.
continue economy effect fairly ground hurricane reports shock solid suggest
These two reports continue to suggest that the US economy was on fairly solid ground going into the shock effect of Hurricane Katrina,
across adding against coming cost economy effect games heat higher living materials point pressures price projects runs wage
Adding the Games may heat up the economy to the point where it runs up against shortages in materials or labor. The effect may be a higher cost of living across the province, cost over-runs on Games projects and intensifying price and wage pressures in coming years.