A really big move would matter for CPI forecastBut these are not big movementsDo not think policy divergence with the Fed is any more of an issue than it was beforeThe peak effect of rates on inflation hasn’t occurred yet
He’s offering plenty of remarks today, covering a broad range of topics. But the bottom line is that they are still going to be data-dependent, waiting to see if they can cut rates again in September next.
This article was written by Justin Low at www.forexlive.com.
