A single month’s data is not reliable but if the household survey were to show steady deterioration, the Fed would have to look at it more closelyIt’s likely that goods prices will return to deflation, services continues in the right direction, market data on housing suggests coming improvement thereWill be watching rate-sensitive sectors, lagged impact of mon pol for signs that neutral is approachingEconomic conditions will determine the pace of cuts from here
That’s just about enough from him.
This article was written by Adam Button at www.forexlive.com.
