Philip Shaw
Philip Shaw
chances hike next virtually week
We think the chances of a hike next week are virtually zero.
again although caution early happen inflation interest next rates until view
This underpins our view that interest rates will have to come down again although the MPC caution on inflation suggests that's not going to happen until early next year.
cut door next open perhaps rates soon
We think the door is still open for a cut in rates over the next two months, perhaps as soon as next month.
both chance charged components couple input month next price prices rates
Both the input price and prices charged components are up on the month as well so this reduces the chance that rates will come down over the next couple of months.
boost general given next price retailers share statement
The Next statement has given a boost to general retailers and the Next share price in particular.
brought month move next rates soon surprised whether
The next move in rates will be a cut. There is some uncertainty over whether rates will be brought down as soon as next month but we would not be at all surprised if it happens.
call continued couple cut degree growth interest justifying lower mean nervous next rate ready sluggish throw
We are increasingly nervous about our call for a quarter-point rate cut in February, even if we are not ready to throw in the towel. Continued sluggish growth should mean the next couple of years see a degree of disinflation, justifying lower interest rates.
although bit fall inflation month next numbers picking signs time wage
The fall in unemployment is a bit of a surprise. There are no signs for the time being that wage inflation is picking up although the numbers next month will be critical.
cannot changing economy economy-and-economics five growing next pace quarters situation year
The economy has been growing at a sub-par pace for five quarters now and we cannot see that situation changing over the next year or so.
below changing five growth main next output point quarters though trend year
The main point though is that output growth has now been below trend for five quarters and we can't see that changing over the next year or so,
corporate nervous seen trading worst
We will see nervous trading ahead, as we have seen from Cisco that the worst is not yet over for corporate earnings.
action case european fear investors panic sell weaker
It was a case of the panic being overdone, ... U.S. institutional investors were going to sell their European assets, but the coordinated action removed the fear about a weaker euro.
activity demand driving high month reflects street strength turn weather winter
The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
areas certain children key later peak reached relatively several thin thinner
And we find the most intelligent children started off with a relatively thin cortex, but it then got thicker relatively rapidly, reached its peak thickness in certain key areas several years later but then also got thinner quicker.