Sherry Cooper
Sherry Cooper
Sherry S. Cooperis a Canadian-American economist. Cooper is currently Chief Economist for Dominion Lending Centres. She was Executive Vice-President and Chief Economist of BMO Financial Group, with responsibilities for economic forecasting and risk assessment. She comments regularly in the press on financial issues...
economic predicting risky
Predicting the long-awaited U.S. economic slowdown can be a risky business,
retail sales strong
This is still a very strong retail sales report,
commodity hike prices rate scales tips
Right now, the acceleration in commodity prices tips the scales for a 16th and a 17th rate hike by the Fed.
consumers cooling due energy expect fourth growth higher pinch quarter remains remarkably spending spring
After a spring lull, consumers are back on track. While we do expect some cooling in the fourth quarter due to the pinch from higher energy prices, spending growth remains remarkably resilient.
ahead core due easing fed financial growth markets possible reluctant signal stock
Financial markets want the Fed to signal possible easing ahead due to the growth slowdown and stock market declines, ... However, the Fed will be reluctant to do that while CPI core is still accelerating.
certainly continued deep doubt economy expect growth longer question recession shadow slower
There is no longer a shadow of doubt that the U.S. economy is downshifting rapidly; the only question is how deep the slowdown goes, ... We do not expect to see recession in 2001, but we certainly expect to see significantly slower growth with continued moderating inflation.
chances flirting growth increased landing means overall soft
While overall U.S. growth slowed, it by no means is flirting with a stall; soft landing chances were increased by this news, ... Indeed, some may ask, 'what landing?'
activity healthy industrial
U.S. industrial activity is improving, but it can't be described as healthy just yet.
ammunition continue economy fed few highlights provides relentless report simply strength
While this report yielded few surprises, it simply highlights the relentless strength in the economy and provides more ammunition for the Fed to continue tightening policy,
economy figure heading momentum production solid underlying
This production figure emphasizes that the US economy had solid underlying momentum heading into month-end,
eventually hike last likely next rate remain unwind view work
We remain of the view that next week's rate hike will not be the Fed's last work this cycle. Indeed, they will likely eventually unwind all of last fall's crisis-induced easing.
expansion history longest worry
Worry not, the longest expansion in American history still has legs.
everywhere good news
There is good financial-market news everywhere you look in this report.
action begin businesses capability certainly company data dramatic face larger percent seen serious small taken taking
What little data I've seen suggests that only about 25 percent of businesses have taken deliberate, serious action. And certainly the larger corporations would be the ones that would begin the process. Let's face it, a small company probably would not have the capability of taking very dramatic action.