There's still a lot of confusion about what the sectors mean. I think it's going to take some time for the individual analysts to become familiar with their new companies. |
This shows a continued need for new houses in line with the recommendations of the Barker report. |
This underpins our view that interest rates will have to come down again although the MPC caution on inflation suggests that's not going to happen until early next year. |
This was extraordinarily weak, even taking into account the seasonal unreliability of the data. |
We are increasingly nervous about our call for a quarter-point rate cut in February, even if we are not ready to throw in the towel. Continued sluggish growth should mean the next couple of years see a degree of disinflation, justifying lower interest rates. |
We found that the cortex showed a different pattern of development. |
We think consumer spending will slow down and we're starting to see some evidence of that. |
We think the chances of a hike next week are virtually zero. |
We think the door is still open for a cut in rates over the next two months, perhaps as soon as next month. |
We will see nervous trading ahead, as we have seen from Cisco that the worst is not yet over for corporate earnings. |
What this suggests is that we may have already seen the peak of headline inflation. |
While we believe the recent run of stronger high street spending will peter out, a majority of MPC members may differ and we expect official rates to remain on hold at 4.5 percent. |