Home
My Favorite Quotes
Hits 1 to 25 of 43
 Cary Leahey - “Even though the PPI has accelerated, it hasn't passed over to consumer goods prices, and it hasn't passed through into wage gains,”
 Cary Leahey - “Even though the PPI has accelerated, it hasn't passed over to consumer goods prices, and it hasn't passed through into wage gains. So as long as you have a great story on labor costs with productivity, you can't really have an inflation story.”
 Cary Leahey - “That, combined with no job growth, makes it harder and harder for the Fed to pull the trigger in an election year.”
 Carey Leahey - “It's negative for the bond market because you have a stronger (economic) growth rate.”
 Cary Leahey - “These are the kinds of things that raise eyebrows at the Fed. The implication that this January report has for wage inflation is bothersome to the market and the Fed.”
 Cary Leahey - “The first quarter is off to a very strong start. This will dominate some of the disappointing numbers we got earlier this week, at least in terms of forecasting GDP. On the inflation front, the Fed got a little more breathing room.”
 Cary Leahey - “A Fed move in late summer is a high probability bet right now.”
 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 - “But ... the trend in unit labor costs is still declining and I would argue that the market and the Fed will say that this is a one-time surge.”
 Cary Leahey - “It was one of the biggest surprises that I've seen in some time.”
 Carey Leahey - “After that, there's not much positive about the outlook. There are no job gains, and wages aren't rising at the moment.”
 Cary Leahey - “Yet another survey of the economy is suggesting sustainable strength. Rates backed up a little because of this report, but you're treading water a bit because of payrolls data lurking on Friday.”
 Cary Leahey - “But I would not treat it as a sign that consumer spending is falling apart and that we will have a weak first half of the year.”
 Cary Leahey - “Clearly Greenspan's luster has dimmed, and there's this worry that he's fired a lot of bullets and the bullets he has left won't do any good.”
 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 - “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 - “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 - “The important thing is not whether the Fed can ease but the fact that people can even ask that question and some intelligent people say if the Fed raises rates in September, it would be a public relations disaster.”
 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 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 - “Bond prices rose because the market was excited at the idea that the number of further rate hikes needed would not necessarily be large. The market is thinking that the Fed has two more rate hikes to go.”
 Carey Leahey - “On the jobless claims, you're now moving into a range that suggests a recession. I don't even know if many of the airline layoffs have hit this number yet, so it's going to up big time.”
 Cary Leahey - “It's certainly an impressive number, it's the lowest since early 2001.”
 Cary Leahey - “The report is probably a shade on the weak side and it increases the chance that the Fed is more likely to stop raising rates at 4.75 percent at the middle of the year, rather than going higher.”
 Cary Leahey - “I wouldn't make a lot out of those figures.”

Show Page 1
1
Show Page 2
2