If both rates and credit were pointing the same way they would be much more prone to have the market driving Fed action, but this discrepancy means I don't think the Fed will get bullied into anything. Michael Cloherty More Quotes by Michael Cloherty More Quotes From Michael Cloherty We've fully priced that first ease not until late this year, and that far out the market is not a great predictor to what the Fed will do. Michael Cloherty top-news This isn’t a ‘watch Greece’ situation...While we have chaos in Greece, there are no signs of dramatic contagion yet, and that’s why it doesn’t change the Fed’s tone. Michael Cloherty business
