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...
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.
ammunition continue economy fed few highlights provides relentless report simply strength
While this report yielded few surprises, it simply highlights the relentless strength in the economy and provides more ammunition for the Fed to continue tightening policy,
benefits consumers continue feeling good higher income jobs propel record reflect showing signs slowing spending
U.S. consumers are feeling the benefits of higher incomes and are spending more to reflect their good moods, ... Buoyed by record confidence, income growth, and a super-tight jobs market, the consumer is showing no signs of slowing and should continue to propel the U.S. economy.
consumers cooling due energy expect fourth growth higher pinch quarter remains remarkably spending spring
After a spring lull, consumers are back on track. While we do expect some cooling in the fourth quarter due to the pinch from higher energy prices, spending growth remains remarkably resilient.
bearing camp costs decline dollar easy fed firmly higher light market mind news remain rise risks wants
Bearing in mind that the Fed wants higher inflation, the news is not unwelcome. And the market will remain firmly in the camp that the Fed will not tighten soon, ... Nevertheless, the risks from the PPI are easy to see and look real in light of the big decline of the dollar and rise in import costs that preceded them.
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 deficit domestic drive further given higher imports likely months oil prices trade widening
Further widening in the trade deficit in the months ahead is very likely given that the surge in oil prices will drive imports higher and that there has been no let-up in the domestic economy.
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.
corporate inflation pricing remains virtually
Inflation in the U.S. remains virtually non-existent, as does corporate pricing power.
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.
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,