Upside risks to inflation and downside risks to jobs have become more balancedIf labor market cools too much, it will be appropriate to cut rates sooner rather than laterIt may be appropriate to hold rates steady ‘a little longer’Inflation has continued to trend down despite ‘a few bumps’ at the start of this yearContinued labor market rebalancing suggests inflation will continue to move towards 2% target
How much longer is ‘a little longer’?
This article was written by Adam Button at www.forexlive.com.
