These numbers will not change the Fed's thinking. The Fed is on hold for the time being. |
We are seeing the prices-paid component getting up there, a fairly strong number, which I think will likely heighten the Fed's concern on the inflation front, |
We are seeing the prices-paid component getting up there, a fairly strong number, which I think will likely heighten the Fed's concern on the inflation front. |
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term. |
We expect the overnight rate to reach 4 per cent by April, and 4.5 per cent by the fall of 2006. |
When you take (the report) alongside all the other indicators, particularly the purchasing managers' survey, it confirms the economy is indeed in recovery. |