Preponderance of labor market data shows it coming into balanceMon pol is ‘sufficiently restrictive’, economic conditions moving in the right directionIf wage growth continues to moderate, will soon be at levels consistent with price stabilityMost indicators point to a slow, steady easing of labor marketWatching closely for signs of labor market deteriorationI expect some cooling of economic data to continueInflation too high but encouraged by renewed recent progress
Two things: The Fed is going to continue to be watching inflation closely but it’s noisy. Ultimately, it could be a dip in jobs that could shift them more to the dovish camp.
This article was written by Adam Button at www.forexlive.com.
