Labor market is completely in balance, not a source of inflationWe need an open mindTiming of rate cut is up for debate, but need to keep moving policy rate downEven if we do another rate cut, policy will remain restrictiveUS economy is in a really good placeEmployers are filling positions for core work, but not taking a lot of riskTrade issues don’t usually derail growth, economy adjustsNeutral rate is closer to 3%, can take our time in getting to neutral
There is no hint here on December but Kugler is coming up at 12:35 pm ET.
This article was written by Adam Button at www.forexlive.com.
