Michael Gregory
Michael Gregory
appears bank conducive helping japan step taking towards trying
The Bank of Japan is taking a little step towards trying some remedies, ... now appears to be more conducive to helping them.
consumer gas higher housing matter third though time
It's only a matter of time though before the consumer succumbs to weakening housing and higher gas prices, and I think we'll see that by the third quarter.
certainly critical employment fed growth increases move number prompt
That's certainly going to be the critical number. A number indicating employment growth, particularly increases in wages, could prompt the Fed to move by the end of this month.
capacity commodity inflation pose prices quiet
All is not quiet on the inflation front. Commodity prices and capacity constraints still pose some inflation risks.
bank bit canada canadian continues economic rate sector
The construction sector continues to be a contributor to Canadian economic growth, which should make the Bank of Canada feel a bit more comfortable about any forthcoming rate hikes.
pieces spoken statements witnesses
all the pieces of evidence, all the statements that have been reviewed, all the witnesses that have been spoken to.
appeal bonds both continues fear forefront issue less relationship stocks
The dollar-yen relationship is still the forefront issue in most people's minds. There's a fear for both stocks and bonds that if the depreciation continues there will be less appeal for U.S. dollar-denominated assets.
concerned concerning course discussion fed market rate year
The market is concerned about not if, but how much over the course of the year the Fed will move. There's been a lot of discussion about more than one rate increase, which is what's concerning the markets.
associated decent equity fact generally good inflation pressure remains wage
The fact that we've had some decent growth, as long as it isn't associated with inflation risk, is generally good for equity markets. But we did see that wage pressure remains elevated. From that perspective, (the report) is neutral.
awful cautious economy evidence fed heat months react starting time wait
the Fed is going to want to take the more cautious road. Two months is an awful long time to wait to react to evidence, particularly if that evidence indicates the economy is starting to heat up again.
canadian commodity considered currency exposure investors prices tend
The Canadian currency is considered a commodity currency. When commodities prices are up, investors tend to have exposure to the currency.
business consumer continuing foreign march momentum pick solid spending
There is a lot of momentum in this economy. Consumer spending is continuing to march along, business spending is solid and you have a pick up in foreign demand.
against backdrop behind below canadian commodity dollar economic fact inflation lower market rallying rates
But against the backdrop of improvements in commodity prices, the fact the Canadian dollar has been rallying and the long end of the market had already priced it in, they thought, 'Listen, our rates should be below U.S. rates. Our inflation is lower and we're well behind in the economic cycle.'
along consumer ebb equity fed growth keys mortgage prices pull spending
Mortgage equity withdrawal (which keys off prices and rates) is going to ebb substantially and pull consumer spending growth down along with it. When it does, the Fed will pause.