It's hard to say whether a company like Home Depot would be better off with a falling unemployment rate and rising interest rates or vice versa,
More Quotes from Cary Leahey:
A Fed move in late summer is a high probability bet right now.Cary Leahey
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
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
That, combined with no job growth, makes it harder and harder for the Fed to pull the trigger in an election year.
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
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