Monetary policy is moderately restrictiveLabor market is no longer overheatedLabor market no longer clear upside risk to inflationRecent data have bolstered my confidence on inflationRisk to both sides seem more balancedTime may be nearing for a change in policySees GDP growth 1.5% to 2.0% in H2
It doesn’t get any clearer than this, he’s ready to support a rate cut in September. He’s also a voter in 2025 and sounds like he’s ready to support a rate cutting cycle.
This article was written by Adam Button at www.forexlive.com.
