Oct PCE data consistent as of now with a return to 2% inflationContinuation of disinflation, modest job market cooling show Fed goals roughly in balanceRate cuts so far were steps in removing policy restraint, Fed in process of moving toward more-neutral levelCurrent policy well-positioned to deal with uncertaintyWill vigilantly monitor for risks, negative supply shocks that may undo progress in reducing inflationHigher productivity growth, immigration increase have driven surprising, largely desirable economic outcomes
There isn’t much of a hint here on what she favors for this months’ meeting.
This article was written by Adam Button at www.forexlive.com.
