Despite slowing job growth momentum, the Fed is going to pay attention to the diminishing slack (the 5 per cent unemployment rate could be as low as 4.8 per cent if not for the hurricanes) and the pickup in wage pressures,
More Quotes from Sherry Cooper:
About six months ago, there was really no concern, and I think it makes sense to be concerned.Sherry Cooper
The key here is that we anticipate what the big issues will be and that we take actions today to prevent or at least mitigate the disruption.
Sherry Cooper
The future path for monetary policy depends critically on at least a flattening out of interest-sensitive spending, ... It is touch-and-go whether the softness in interest-sensitive spending is sufficient to be consistent with the required degree of overall economic slowing.
Sherry Cooper
The cooling U.S. housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
Sherry Cooper
I'm not worried about inflation per se I'm worried about inflation in asset prices. When the Fed has been aggressively easy in the past, it's ended up having to come in and aggressively raise interest rates and cause a lot of unnecessary dislocation.
Sherry Cooper
The Canadian poultry industry is, in general, little dependent on exports or imports, but new provincial rules forcing the confinement of birds make the practice of free-range raising more difficult.
Sherry Cooper
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