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...
number quite weak
So I don't think the number was quite as weak as the headline.
actions anticipate issues key mitigate prevent today
The key here is that we anticipate what the big issues will be and that we take actions today to prevent or at least mitigate the disruption.
months six
About six months ago, there was really no concern, and I think it makes sense to be concerned.
indeed proving
June's swoon is indeed proving to be temporary.
dip good hope looking maybe pick production sign stage
The big dip in inventories is a good sign if we are looking for a glimmer of hope here. Maybe we are at a stage where production can pick up again.
cessation coming deal fed seals
This all but seals the deal on a coming cessation in Fed tightening,
policy shift surprises
No surprises for the bank, so no shift in the policy program.
dilemma fed financial growth inflation might outlook problem signs slower underlying
The Fed might have been in a dilemma if signs of slower growth were coupled with signs of a wage/price spiral. However, that is emphatically not the case. The underlying inflation outlook is not a problem for the Fed or the financial markets.
basis believe closely decide economy evidence federal income numbers points policy red reserve whether
I do believe there is still evidence that the economy is red hot, and I think the Federal Reserve will be monitoring the income numbers closely to decide whether to go 25 basis points or 50 at their upcoming policy meeting.
bearing camp costs decline dollar easy fed firmly higher light market mind news remain rise risks wants
Bearing in mind that the Fed wants higher inflation, the news is not unwelcome. And the market will remain firmly in the camp that the Fed will not tighten soon, ... Nevertheless, the risks from the PPI are easy to see and look real in light of the big decline of the dollar and rise in import costs that preceded them.
annual bound bring christmas consumer growth likely might nearly next pace percent rate season spending year
The Christmas season this year might well bring cheer, but consumption growth next year is bound to slow, ... From an annual pace of nearly 4.0 percent in 2004, consumer spending will likely grow at a 3.5 percent rate this year, decelerating to a 2.25 percent pace in 2006.
confidence figures increases landing moving odds reinforce soft sustained weakness
These figures reinforce the slowdown view, ... The weakness in confidence increases the odds that a sustained soft landing is moving into place.
decline great number sigh
It's a great number obviously, and that's a sigh of relief, but I wouldn't put too much into the decline of the core,
economy good growing inflation last low people percent rate realize shape since
The economy is in very good shape and people don't realize it. We really do have low inflation and low unemployment, and the economy has been growing at a rate of 3 percent or better since the last recession.