We are increasingly nervous about our call for a quarter-point rate cut in February, even if we are not ready to throw in the towel. Continued sluggish growth should mean the next couple of years see a degree of disinflation, justifying lower interest rates.
More Quotes from Philip Shaw:
Children might inherit certain genes that incline them to interact with their environment in very 'stimulating' ways. This stimulation could then influence brain development. . . . What is less likely is the idea that we are born with a certain set of genes which 'fix' at birth our intelligence and the trajectory of our brain development.Philip Shaw
The PMI is a big upside surprise ... and is at least hinting that services growth stepped up at the end of last year.
Philip Shaw
The figures are a mixed bag but what's quite striking is how low output price inflation remains despite the general background of higher input costs.
Philip Shaw
The main point though is that output growth has now been below trend for five quarters and we can't see that changing over the next year or so,
Philip Shaw
A lot of research in intelligence has not been that great. I would hope by this modest descriptive study to put things on an empirical footing.
Philip Shaw
The figures are significantly better than expected and may call into question whether the MPC will raise interest rates at its July meeting. Clearly there are no inflationary pressures in the near term.
Philip Shaw
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Based on Keywords: disinflation, quarter-pointGet off your horse and drink your milk.
John Wayne
I was a drama major also so it's cool to cuss for meaning, but for no apparent reason, no.
Kel Mitchell
At that point, there will be the handover between the shuttle arm and the station arm so that the shuttle arm will take the cradle and put it into the cargo bay.
Umberto Guidoni