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...
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.
corporate inflation pricing remains virtually
Inflation in the U.S. remains virtually non-existent, as does corporate pricing power.
activity becoming beginning bite evident higher housing impact interest pushed rates result sign start weakness
It is becoming more evident that higher interest rates are beginning to take a bite out of the red-hot housing market, ... While today's housing start result exaggerated weakness in the sector, it is yet another sign that the impact of higher rates has pushed housing activity off its peak.
clearly results trend underlying
January's results were clearly exaggerated, but the underlying trend is still surprisingly healthy.
consumer despite equity evidence growing hanging market oil prices viewed
Overall, this can be viewed as more evidence that the consumer is hanging in well despite the run-up in oil prices and growing equity market volatility.
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.
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.
indeed proving
June's swoon is indeed proving to be temporary.
affects certainly effect far half happening job market psychology starts
It certainly affects psychology, but if the job market starts growing, that effect is far more important to psychology than something that's happening half a world away.
buying opportunity percent yield
When the 10-year yield got to 4.4 percent Tuesday, I said this was probably a short-term buying opportunity and that we would see some correction.
data easing fed financial further stuff sure trends whispers
While we would not get too excited, these data are just the right stuff to further trends already under way in financial markets. Whispers about Fed easing are sure to follow.
activity additional brings buildings gradually provide quarters starts support
Starts at year-end 2003 will provide additional support for GDP during the first two quarters of 2004 as construction activity gradually brings these buildings to completion.
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?'
growth pace reflects stellar strong
While much of the growth surge reflects stellar productivity gains, this pace of growth is way too strong for the Fed,