Wall Street has found a semblance of stability after a roller - coaster week, but some investors are convinced the rockiness in stocks and bonds isn't quite over for one main reason: The markets have yet to fully come to terms with how aggressively the Federal Reserve may respond to
surprising economic strength.
Not exact matches
Given these positive
surprises, and because monetary policy must be forward - looking to achieve our inflation target, Governing Council's discussions focused on three main issues: first, the extent to which recent
strength is signalling stronger
economic momentum in Canada and globally; second, how heightened levels of uncertainty, particularly about US tax and trade policies, should be incorporated in our outlook; and third, how much excess capacity the economy currently has, and the growth rate of potential output going forward.
The
Economic Strength grades that resulted from all this number crunching held some surprises: it turns out that mighty Toronto and bustling Calgary have weaker economic outlooks than Fredericton and Barr
Economic Strength grades that resulted from all this number crunching held some
surprises: it turns out that mighty Toronto and bustling Calgary have weaker
economic outlooks than Fredericton and Barr
economic outlooks than Fredericton and Barrie, Ont.
«Given that this segment of the market is typically the first to soften in volatile
economic times, it's
surprising that the
strength of the high - end has continued,» says Cohen.
While the prospects for rapid and sustained
economic growth remain questionable, there is increasing evidence that the U.S. economy may enjoy a
surprising burst of
strength in the second half of 2003.