Inflation has come way downWe are close to being ready to cut ratesWe’re going to have to think hard about what’s happening in labor marketsOur policy has had its effect and we can start pathway back to normal policy postureThe numbers in the last couple months have come in more positiveUnderlying inflation is all flashing red still, we still have a ways to goInflation has come down faster than I expected and to me that says it may be appropriate to pull forward easing (he previously had only one cut on the dot plot)You can’t ignore the data, it’s come in a way that shows it’s closer to moving than furtherFor me, I just want see the next couple of data points
This article was written by Adam Button at www.forexlive.com.
