- Front-loading of imports makes judging economic activity difficult
- Expects reversal of import surge in the coming months to signal larger price increases
- Non-traditional data says might be seeing some moderation in growth but not a significant slowdown
- Core services inflation still above pre-pandemic rate, progress on core goods has reversed
- Warn notices of layoffs have ticked up since the start of the year, as have layoff mentions in Beige Book
She sounds cautious on the economy but still not in a rush to cut rates.
This article was written by Adam Button at www.forexlive.com.
