Richard Hoey Quotations

Now we are analyzing the changes before they even hit.

I would say that core PCE is going to be a big focus at the beginning of the week, ... The PCE is important because that is what the Fed is focused on.

We hardly ever get to see the finished project, so this was kind of a treat for us.

The departing chairman will have done much of the hard work of tightening before the appointment of the new chairman.

Anybody who is competing with an Asian supplier is going to have a real profit problem, ... We've seen a continuation of American corporations announcing either that their customers in Asia can't pay or that their competitors in Asia are cutting prices, so it's really tough on the industrial sector.

It's quite probable that the Fed will follow through with another 25 basis points (rate increase), but the market would tend to view that as the last one,

The Fed may tighten anyway despite these favorable news announcements.

The evidence of the last four months is that they haven't tightened enough to kill the economy.