CANADA: Analysts On Today’s GDP Beat And Softer Details
Nov-28 19:19
Details are broadly acknowledged to be weaker than the surprisingly strong Q3 GDP figure suggested, ...
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FED: Lack of Data May Argue for Skipping December Cut
Oct-29 19:18
- Powell again suggests there's an argument that a continuing dearth of government data may argue for skipping a December cut:
- "If you really aren't getting information, you really don't know, and the economy looks like it's solid and stable and hasn't really changed, there will be an argument - I don't know how persuasive it will be - but there will be an argument that you slow down [when] you can't see as far ahead....You're perfectly right that you could also argue things haven't really changed, but you might not know that. So I don't know whether we'll face this or not. I hope we don't. I hope by the time that December meeting, we're getting a better flow of data, but we're going to have to do our jobs, one way or the other."
FED: Powell Asked About Current Rates and Equity Markets
Oct-29 19:12
- Asked about current rates: "I wouldn't say that they're accommodative right now, but they're meaningfully less tight than they were, and that should help so that at least the labor market doesn't get worse".
- Asked if equity markets are overvalued: "we don't look at any one asset price and say hey, that's wrong, you know - it's not our job...You know, we don't set asset prices - markets do that."
FED: Powell Hints at Committee Divisions, Details to Follow in Minutes
Oct-29 19:08
- Powell teasing some spicy meeting minutes in 3 weeks' time: "There's a growing chorus now of feeling like maybe this is where we should at least wait a cycle, something like that. That's what it is. It's just what you think it would be. And again, you've seen it in the September projections. You've seen this in the public remarks of FOMC participants. And now I'm telling you that's what you can expect that in the minutes."
