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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I don't see anything in the speech that is relevant to the near-term outlook. - Cary Leahey

The bond market is treating the drop in the unemployment rate and the increase in hourly earnings as two reasons why the Fed will have to hike rates. - Cary Leahey

The Fed might skip (raising rates in) September -- but you have to remember that how the world looks today and how it looks on September 20 could be a lot different -- a lot worse or a lot better. - Cary Leahey