Inflation has converged toward 2% for six projections in a row, at some point in the course of 2025Past shocks have pushed inflation downProductivity we are seeing more-promising signsWe have not discussed neutral rate level in meetingI don’t think about market pricing of rate hikesRisk to inflation is now two-sidedThe direction of travel (on rates) is currently clear, the pace is uncertainA lot of ground has been covered, we have already cut by 100 bps
This article was written by Adam Button at www.forexlive.com.
