- Risks to the jobs market have remain unchanged or have fallen
- Fed may be on the ‘last mile’ to price stability, inflation expected to converge to 2% over the medium term
- Monetary policy well posited, Fed can ‘judiciously and patiently’ judge income data to decide on further rate cuts
- Strong economy on track for a ‘solid’ fourth quarter
- Growth is broad-balanced and driven by consumption, income growth, productivity, supportive financial conditions and wealth effects
- Recent high productivity could prove durably structural but that remains uncertain
This article was written by Adam Button at www.forexlive.com.
