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TD Economics - Weekly Bottom Line

Rates - Effective February 25, 2008

Quote of The Week

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HIGHLIGHTS

· U.S. consumer prices soar, while Fed sharply reduces U.S. economic growth forecast
· Canadian inflation slows; rate cuts on horizon

A full plate of data was served on both sides of the border this week, bisected by the minutes from the January 29-30 FOMC meeting and with a garnish of speeches from central bank officials throughout. The serving of limp economic data proved to be a sure recipe for volatility in financial markets.

The true secret of giving advice is, after you have honestly given it, to be perfectly indifferent whether it is taken or not, and never persist in trying to set people right.


- Hannah Whitall Smith -

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