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...
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 hopefully negative
It's an unmitigated negative for the economy -- but hopefully it's temporary.
biggest emergency energy gas meaningful natural prices risk
The biggest risk (to energy supplies) is natural gas prices because there is no meaningful emergency inventory,
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.
bank distant divert focus gradual inflation likely rising seems threat wage
The bank's new focus is likely to be on rising wage pressures, but that still seems a distant inflation threat at this point. On balance, there is nothing here to divert the bank from its gradual tightening course.
economy growth hallmark key reinforce reports stable underlying
These two key reports reinforce the underlying story of red-hot growth and stable inflation, which was the hallmark of the U.S. economy in 1999,
months six
About six months ago, there was really no concern, and I think it makes sense to be concerned.
policy shift surprises
No surprises for the bank, so no shift in the policy program.
armed commodity concern emerge heading inflation likely pressure prices rising weaker
Armed with the weaker U.S. dollar, commodity prices heading north, and a strengthening economy, rising inflation pressure is still likely to emerge as a concern for the Fed. But not yet. Not yet.
appears gradually healthy higher housing losing market mortgage remains steam weight
The U.S. housing market appears to be gradually losing steam under the weight of higher mortgage rates, ... Even so, the market remains exceptionally healthy by any yardstick.
consistent critically degree depends economic future monetary overall path policy required softness spending sufficient whether
The future path for monetary policy depends critically on at least a flattening out of interest-sensitive spending, ... It is touch-and-go whether the softness in interest-sensitive spending is sufficient to be consistent with the required degree of overall economic slowing.
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.
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.
consumer income percent remain remains spending suggesting trend
All in all, the year-over-year trend in income jumped to 6.1 percent from 5.4 percent, suggesting that consumer fundamentals remain very strong, ... Consumer spending remains on a tear.