95 Quotes by Sherry Cooper
- Author Sherry Cooper
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January's results were clearly exaggerated, but the underlying trend is still surprisingly healthy.
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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.
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Right now, the acceleration in commodity prices tips the scales for a 16th and a 17th rate hike by the Fed.
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Recall the Fed's assessment following the (Federal Open Market Committee) meeting on Aug. 24, that the dual summertime rate hikes 'should markedly diminish the risk of inflation going forward,' ... This call is looking more tenuous with every passing day.
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Starts at year-end 2003 will provide additional support for GDP during the first two quarters of 2004 as construction activity gradually brings these buildings to completion.
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June's swoon is indeed proving to be temporary.
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When the 10-year yield got to 4.4 percent Tuesday, I said this was probably a short-term buying opportunity and that we would see some correction.
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While we would not get too excited, these data are just the right stuff to further trends already under way in financial markets. Whispers about Fed easing are sure to follow.
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U.S. industrial activity is improving, but it can't be described as healthy just yet.
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