The modest downtrend in order growth is pointing to some moderation in the months ahead.
More Quotes from Sherry Cooper:
The markets are assuming that the Fed are finished tightening for the year, ... That presumption might prove to be premature. We, and the Fed, will wait and see.Sherry Cooper
Predicting the long-awaited U.S. economic slowdown can be a risky business,
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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.
Sherry Cooper
Wages are still running a bit hot for comfort, the jobless rate is still quite low and the underlying trend in employment (especially full-time) remains strong.
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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
U.S. consumers are feeling the benefits of higher incomes and are spending more to reflect their good moods, ... Buoyed by record confidence, income growth, and a super-tight jobs market, the consumer is showing no signs of slowing and should continue to propel the U.S. economy.
Sherry Cooper
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Based on Topics: Moderation & Temperance QuotesBased on Keywords: downtrend
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