Labor market is ‘strong but not overheated’ and about where it was pre-pandemicLonger-term inflation expectations appear to be well anchoredUnemployment rate remains lowLabor market has cooled, inflation has declined and risks have moved into better balanceAttentive to both sides of dual mandateQ2 inflation readings have added to confidence on inflationNeed greater confidence on inflationWe will carefully assess incoming data for future decisionsPolicy is well-positioned to deal with risks and uncertainties
This article was written by Adam Button at www.forexlive.com.
