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...
early seeing
What we're seeing is reminiscent of the early 1990s -- a jobless recovery.
core energy fed high hike inflation likely march mild months prices rate remain risks skewed track
High energy prices keep on working their way through the system. The risks remain skewed to a mild up-creep in core inflation during the months ahead, which will keep the Fed on track for another rate hike in March and likely in May.
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.
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.
alive chairman clearly core economy-and-economics greenspan inflation investors last major paradigm policy positive remains remarks reserve
Clearly the new paradigm is alive and well, ... While (Federal Reserve Chairman Alan) Greenspan downplayed the policy significance of CPI in his remarks last night, it is still a major positive for investors that core inflation remains benign.
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.
bonds buying change foreigners haven margin massive percent safe stocks
Foreigners own 11 percent of U.S. stocks -- that's not huge, but at the margin it makes a big difference. And right now there's massive foreign buying of bonds because they're a safe haven amid geopolitical uncertainty -- that could change as well.
corporate inflation pricing remains virtually
Inflation in the U.S. remains virtually non-existent, as does corporate pricing power.
assessment diminish dual following hikes inflation looking market meeting open passing rate recall risk
Recall the Fed's assessment following the (Federal Open Market Committee) meeting on Aug. 24, that the dual summertime rate hikes 'should markedly diminish the risk of inflation going forward,' ... This call is looking more tenuous with every passing day.