Fed still has not achieved its 2% inflation targetEconomic conditions are very strongThe Fed has made progress in lowering inflation and cooling the labor market.Unemployment rate still well-below ‘full employment’ levelCore inflation ‘uncomfortably’ above targetUpside risks to inflation remain prominentLowering policy rate too quickly could ignite inflation
Bowman is a hawk so it wouldn’t be a surprise to see her dissent this month if the Fed cuts.
This article was written by Adam Button at www.forexlive.com.
