Today's statement ups the odds that the Bank of Canada will be back again with a 25 bp (basis point) 'Christmas present' in December.
More Quotes from Avery Shenfeld:
Given all the leverage that the household sector has built up, their confidence in rising home equity has been an important part of their willingness to take on all that (mortgage) debt.Avery Shenfeld
It's now evident that the US economy is headed for a very brisk first-quarter growth pace, with our above-consensus 4.8 percent real GDP forecast looking, if anything, too conservative.
Avery Shenfeld
These confidence surveys are reflecting what people are reading -- that the economy is not creating jobs. It doesn't mean that people are not spending.
Avery Shenfeld
All told, a fairly strong reading that will only buttress the Bank of Canada's case for remaining hawkish.
Avery Shenfeld
In Canada, CPI inflation will be everywhere in energy, and nowhere in anything else, mirroring what we saw in the U.S. figures for September.
Avery Shenfeld
It's pretty clear after (stronger than expected) third quarter GDP numbers they are going to hike in December, and the odds of a hike in January are rising, but they could still take a pause in January if core inflation doesn't heat up,
Avery Shenfeld
Readers Who Like This Quotation Also Like:
I'm not, by nature, a collaborator. My biggest influences were people like painters and poets. These are solitary workers.Robert Wyatt
There's something wrong with a mother who washes out a measuring cup with soap and water after she's only measured water in it.
Erma Bombeck
Senator Martinez is not driven by polls; he is driven by the needs of the state of Florida and its 17 million constituents.
Mel Martinez