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...
cent continue fed feels funds likely moved neutral overnight per policy raise rates until
My take is that the Fed will continue to raise overnight rates until it feels it has moved from a stimulative to a neutral policy stance. That will likely take the funds rate to 4 per cent-to-4.25 per cent by yearend.
number quite weak
So I don't think the number was quite as weak as the headline.
consumer figure gains november october pointing reasonable registered sales spending
October and November ... sales each registered substantial gains (excluding autos), pointing to a reasonable fourth-quarter consumer spending figure when all is said and done.
chair fed shift
The shift in the Fed chair will be seamless,
economic predicting risky
Predicting the long-awaited U.S. economic slowdown can be a risky business,
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.
activity cool housing incredibly warm
After an incredibly warm January, February's chillier temperatures only managed to cool housing activity modestly.
although consumer consumers cooling currently display drag housing labor major resilience sector solid spending starting upbeat year
Although the cooling U.S. housing sector is going be a major drag on consumer spending as 2006 unfolds, consumers are starting the year in an upbeat mood, buoyed by solid labor markets. As such, U.S. consumer spending could display more early-year resilience than is currently expected.
curtail demand economies given global major plants shutter surplus trade virtually
The repercussions on global trade would be devastating, ... Given that virtually all major economies have a surplus with the (United States), trade disruptions would shutter manufacturing plants and curtail global demand for most commodities.
retail sales strong
This is still a very strong retail sales report,
business community lax quite taking
The business community has actually been quite lax in taking this seriously.
coming earlier holiday season
that the coming holiday season will be rosier than earlier expected.
growth moderation modest months order pointing
The modest downtrend in order growth is pointing to some moderation in the months ahead,
appears core despite distorted horizon inflation lurking measures near pipeline pop pressure pricing remain subdued vehicle
Despite the pop in core PPI inflation in July, there appears to be little pressure lurking on the horizon in the near term. The pipeline measures remain subdued and vehicle pricing appears to have distorted the figures.