There is good financial-market news everywhere you look in this report.
More Quotes from Sherry Cooper:
The inflation data does not take the Fed out of the picture. It does, however, remove the risk of the Fed having to tighten 50 basis points on June 30.Sherry Cooper
(Today's data) will likely keep the Bank of Canada on track for a rate hike at next week's decision,
Sherry Cooper
Financial markets want the Fed to signal possible easing ahead due to the growth slowdown and stock market declines. However, the Fed will be reluctant to do that while CPI core is still accelerating.
Sherry Cooper
October and November ... sales each registered substantial gains (excluding autos), pointing to a reasonable fourth-quarter consumer spending figure when all is said and done.
Sherry Cooper
The NAPM report provided strong support for the economic slowdown view, focused in basic manufacturing, and also clearly suggested the peak in core inflation is drawing near, ... This gives added weight to the possibility that the Fed will ease in the new year.
Sherry Cooper
Overall, this can be viewed as more evidence that the consumer is hanging in well despite the run-up in oil prices and growing equity market volatility.
Sherry Cooper
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