Too soon to say if inflation is retreating to 2%Appropriate for US central bank to remain patient on mon polRemains ‘realistic optimist’ on economy and mon polRecent inflation data has been encouragingEconomy has been remarkably resilientRestoring price stability may take more time than thoughtInflation is still stubbornly above target
This isn’t dovish. We’re still a ways away from the Fed hike.
This article was written by Adam Button at www.forexlive.com.
