Too Much Growth for Early Easing

This Friday, the groundhog will emerge unwillingly from his lair, examine the available evidence, that is to say, the presence or absence of his shadow, and, in all probability, reject any speculation about an early spring - at least for the next six weeks. According to USA Today, this has been the groundhog’s prediction in 107 of the last 127 years, or 84% of the time. That being said, the weather channel is forecasting “considerable cloudiness” over Punxsutawney, PA on February 2nd, so we might still get lucky.