Harvinder Kalirai Quotes
The trend is still toward wider deficits, so this is a concern for the U.S. dollar. I continue to forecast it lower. 
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Trend | Wider | Deficits | Concern | Dollar |
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This is one weak number in the context of an extremely strong economy. One data point doesn't make a trend.
- Harvinder Kalirai
If you look back to 1994 when the Fed was hiking rates continuously, after every rate hike the Fed adopted a neutral bias. However, the tightening cycle continued until early '95, for a total of 300 basis points (3 percent). We are not looking for that type of tightening cycle this time, but nevertheless it does suggest that the neutral bias does not preclude further rate hikes down the road.
- Harvinder Kalirai