These numbers will not change the Fed's thinking, ... The Fed is on hold for the time being.
More Quotes from Rick Egelton:
It (the GST cut) is their big initiative and it doesn't leave them a lot of room to do other things.Rick Egelton
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term.
Rick Egelton
We are seeing the prices-paid component getting up there, a fairly strong number, which I think will likely heighten the Fed's concern on the inflation front,
Rick Egelton
The unemployment rate stood at 6.1 per cent in November - the lowest rate since mid-2001. The return to higher growth in 2006 should allow the annual unemployment rate to decline slightly in that year.
Rick Egelton
A very solid number, indicating that manufacturing is continuing to expand.
Rick Egelton
Retail sales -- a little disappointing when you look outside autos. All in all, it suggests moderate growth in consumer spending.
Rick Egelton
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