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...
annual bound bring christmas consumer growth likely might nearly next pace percent rate season spending year
The Christmas season this year might well bring cheer, but consumption growth next year is bound to slow, ... From an annual pace of nearly 4.0 percent in 2004, consumer spending will likely grow at a 3.5 percent rate this year, decelerating to a 2.25 percent pace in 2006.
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.
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.
good happening prices rising seems vibrant
In a vibrant economy, you will always have some prices rising and some falling. That's a good thing, and that's what seems to be happening at this stage.
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,
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.
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.
policy shift surprises
No surprises for the bank, so no shift in the policy program.
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,