- Current outlook calls for gradual, patient approach to rate cuts.
- Supported December Fed rate cut but was a close call.
- Fed not on preset path, policy well-positioned.
- Current outlook in line with Fed December forecasts.
- Economy in a ‘good place overall’ with notable uncertainties.
- Too soon to say what impact election will have on economy.
- Now expects more inflation relative to recent past.
- December rate cut provided insurance for labor market.
- Job market unlikely to be driver of inflation right now.
- Housing factors still major driver of inflation.
- Less worried about labor market fragility.
- Economy on gradual, uneven trajectory back to 2% inflation.
This article was written by Greg Michalowski at www.forexlive.com.
