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...
bit comfort employment hot low quite rate remains running trend underlying wages
Wages are still running a bit hot for comfort, the jobless rate is still quite low and the underlying trend in employment (especially full-time) remains strong.
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.
clearly data demand domestic focus prime remains remarkably
Domestic demand remains remarkably strong, as the import data clearly indicate-a prime focus for the Fed,
bit consumers optimistic present remained sentiment
Consumers remained optimistic about their present situation, but going forward, sentiment is a bit shaky.
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.
eventually hike last likely next rate remain unwind view work
We remain of the view that next week's rate hike will not be the Fed's last work this cycle. Indeed, they will likely eventually unwind all of last fall's crisis-induced easing.
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.
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.
bond data fed good including inflation news pass raise relatively remain stock
If the incoming data remain relatively soft, including the inflation data, the Fed will take a pass in August, ... Even if they do raise rates, it may well be the end of the tightening cycle, which is very good news for the stock and bond markets.
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.
consumer income percent remain remains spending suggesting trend
All in all, the year-over-year trend in income jumped to 6.1 percent from 5.4 percent, suggesting that consumer fundamentals remain very strong, ... Consumer spending remains on a tear.
corporate inflation pricing remains virtually
Inflation in the U.S. remains virtually non-existent, as does corporate pricing power.
chair fed shift
The shift in the Fed chair will be seamless,