Cary Leahey Quotes

You got a favorable surprise on the CPI. We had the first decline in the core rate in 21 years. It just reminds the Fed, which said last week that the risks of inflation and deflation were almost equally balanced, that you still have some very residual deflation risk. And it ... supports the notion that the Fed might not have to raise interest rates at all next year.

- Cary Leahey

Tags

Favorable | Surprise | Decline | Core | Rate |

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Companies aren't afraid of being left in the dust; they're afraid that if they go first they'll be eaten by sharks, ... Everybody is standing in front of the turnstile, and nobody wants to go through. - Cary Leahey

The bond market took this report as a sign that core inflation may be bottoming and the Fed may still be in the tightening business later this year. - Cary Leahey

It takes pressure off the Fed to hike interest rates more dramatically [than a quarter point] in August or put together a more forcefully worded statement next week [at its monetary policy meeting]. - Cary Leahey