It make sense for the Fed to slow the pace of interest rate cuts as central bank gets close to where rates will settleOver the next year, it feels like rates will end up a fair bit lower than where they are todayInflation is on its way down to 2%. Labor market is close to stable full employment
Goolsbee is more of a dove so his tilt is a little more cautious.
Fed’s Bowman late yesterday was more hawkish in her comments.
This article was written by Greg Michalowski at www.forexlive.com.
