That he says 'the downside risks predominate,' however, suggests we can expect further interest-rate cuts over the course of the spring. I would expect a 50 basis point (half-percentage point) cut at the next meeting.
More Quotes from Doug Porter:
Inflation is not necessarily showing up yet, but I don't think the Fed wants to wait around to see the whites of its eyes. It's gotten to a point where the U.S. economy is displaying so much strength that the market is almost telling the Fed it should act.Doug Porter
At the very least, it drums on the point that they'll continue to raise interest rates. By deductive reasoning, you'd assume that they don't have a big problem with the strength of the currency.
Doug Porter
I suspect it was just a bout of profit taking, a bit of nervousness ahead of next week's Fed meeting. Not that anyone's expecting anything out of the Fed's next week, but I think there still are some lingering concerns about the longer-term interest rate outlook. Especially with oil prices pushing above 32 a barrel,
Doug Porter
The combination of strong full-time job growth, the low-low jobless rate, rising wage gains and a decent regional balance to the employment picture make this a very healthy report overall.
Doug Porter
The low jobless rate, the steady upward creep in wage increases and the solid employment gain will all help convince the Bank of Canada it is on the right path by continuing to tighten policy.
Doug Porter
It certainly puts a rosier glow on the growth forecast for the fourth quarter. I was getting ready to revise that one down, because there had been some many weak reports for November. This report saves the day.
Doug Porter
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Based on Topics: Spring QuotesBased on Keywords: half-percentage, predominate
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Jodi Rell
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