Technology Slowing Inflation, Earnings: ARX, PEY, HR, REI, CRR
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Earning income while waiting for inflation and interest rates to possibly rise, is still a practical long term investment strategy.
The US CPI data released last Thursday show a tepid increase of 0.1% for the month and 1.8% annually. This includes a 0.5% monthly increase in Sept-2017 from temporary hurricane related price increases. The Canadian CPI numbers were 1.2% on an annual basis, both were below the 2% upper inflation target limits.
This week's Q3 earnings updates include two different sectors, oil and natural gas producers and shopping centre real estate. Both are adjusting to advances in technology that will further serve to limit inflation. It is also bringing major changes to their operating landscape. Comments this week identify how technology is impacting these sectors keeping inflation in check and reducing the need to raise interest rates.
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