29 Total Quotes

Avery Shenfeld Quotes

In Canada, CPI inflation will be everywhere in energy, and nowhere in anything else, mirroring what we saw in the U.S. figures for September.
Avery Shenfeld
#Canada

In Canada, CPI inflation will be everywhere in energy, and nowhere in anything else, mirroring what we saw in the U.S. figures for September,
Avery Shenfeld
#Canada

These confidence surveys are reflecting what people are reading -- that the economy is not creating jobs. It doesn't mean that people are not spending.
Avery Shenfeld
#Confidence

Whenever you have a situation where inflation is not a material risk and the economy is underperforming, you should be thinking about a rate cut. There's a potential reward and not much risk.
Avery Shenfeld
#Economy

The Bank of Canada remains on the warpath against inflation in an economy where recent job and production gains are, in its view, too much of a good thing.
Avery Shenfeld
#Canada

What counts, of course, is what the trend would have been absent hurricanes Katrina and Rita,
Avery Shenfeld
#Hurricanes #Hurricane Katrina

Today's statement ups the odds that the Bank of Canada will be back again with a 25 bp (basis point) 'Christmas present' in December.
Avery Shenfeld
#Christmas #Odds

Ahead of the storm clouds, the American job market was humming along nicely, a result that says little about where things will stand as the recent spike in energy prices begins to bite,
Avery Shenfeld
#Energy Prices

Given all the leverage that the household sector has built up, their confidence in rising home equity has been an important part of their willingness to take on all that (mortgage) debt.
Avery Shenfeld
#Confidence #Willingness

This was a month in which a number of one-time events conspired to mask the true strength of the economy.
Avery Shenfeld
#Economy

It's pretty clear after (stronger than expected) third quarter GDP numbers they are going to hike in December, and the odds of a hike in January are rising, but they could still take a pause in January if core inflation doesn't heat up,
Avery Shenfeld
#GDP #Odds

August's 169,000 jobs gain, coupled with a 44,000 upward revision to the prior two months, left payroll employment just about where the market expected.
Avery Shenfeld
#Jobs

It's pretty clear after (stronger than expected) third quarter GDP numbers they are going to hike in December, and the odds of a hike in January are rising, but they could still take a pause in January if core inflation doesn't heat up.
Avery Shenfeld
#GDP #Odds

The warning bells are starting to ring, that the drag on manufacturing from the Canadian dollar . . . is starting to show through, now that the U.S. economy is starting to slow.
Avery Shenfeld
#Economy

It's now evident that the US economy is headed for a very brisk first-quarter [growth] pace, with our above-consensus 4.8 percent real GDP forecast looking, if anything, too conservative.
Avery Shenfeld
#Consensus #Economy #GDP

Central banks continue to be guided by macroeconomic models that relate to an economy that no longer exists.
Avery Shenfeld
#Economy

The Federal Reserve will look past the see-saw numbers on things like orders and look at the broader trend, which is still for a fairly strong first-quarter economic performance.
Avery Shenfeld
#Federal Reserve

Although financial markets have confidently priced-in a May rate hike, low core inflation implies that the case for risking growth by pushing rates higher is far from clear. If, as we expect, the economy were to show signs of a slowing by May, the Fed will want to give it the benefit of the doubt by standing pat at that point.
Avery Shenfeld
#Economy #Signs

If, as we expect, the economy were to show signs of a slowing by May, the Fed will want to give it the benefit of the doubt by standing pat at that point.
Avery Shenfeld
#Economy #Signs

We've had a run of fairly positive reports out of the major banks, so financials continue to do well and they have a heavy weight in the Toronto index.
Avery Shenfeld
#Banks