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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There isn't much excitement in the July factory orders numbers. July is payback for a pretty good June and May but any way you slice it, your third-quarter capital spending slowed down quite a bit from previous quarters. - Cary Leahey

The PPI number had some pipeline pressure underneath the surface, but the market liked the fact that the core rate was up only 0.1 percent. - Cary Leahey

The economy hit a brick wall in February and March. The risk of a recession is higher now than I thought it would have been six months ago. It's higher now than I thought it would have been six weeks ago. - Cary Leahey