If we stay restrictive for too long, we have to think about the employment mandateIf unemployment is going to go up higher than 4.1%, that’s the kind of thing the Fed has to respond toThe through-line of the data doesn’t change based on one month’s numberWe have been seeing the improvement we’ve wanted on inflationWe will determine the size of rate cut or if there is any action will be the economic conditions
He did at least touch on the size of a rate cut. The market is pricing in a 72% chance of 50 bps in September.
More:
The economy still has crosscurrentsSmall business defaults, delinquencies are rising, in ‘warning sign’ stageWe set policy rate at current level a year ago and conditions have changed
This article was written by Adam Button at www.forexlive.com.
