Comments from the Fed Chairman in Dallas
- Economy not sending signals that Fed needs to be in a hurry to lower rates
- Moving policy over time towards neutral; policy isn’t pre-set
- Expects inflation to continue to come down on a ‘sometimes bumpy’ path
- Fed committed to finishing the job on inflation
- Economic strength gives Fed the ability to approach its decisions carefully
This is hawkish stuff compared to market pricing; odds of a Dec cut are down to 67%.
This article was written by Adam Button at www.forexlive.com.
