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.
More Quotes from Cary Leahey:
This is one of the days when nobody is really going to care because the employment report was definitely weak.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
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
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
That, combined with no job growth, makes it harder and harder for the Fed to pull the trigger in an election year.
Cary Leahey
Readers Who Like This Quotation Also Like:
Based on Topics: Idea QuotesI'm just a lucky slob from Ohio who happened to be in the right place at the right time.
Clark Gable
I had seen Adelaide the dearest and the cheapest place to live in.
Catherine Helen Spence
Jealous, adj. Unduly concerned about the preservation of that which can be lost only if not worth keeping.
Ambrose Bierce