- Our policy right now is moderately restrictive.
- The labour market is stable and has been resilient.
- Q1 GDP showed the real side of the economy is resilient.
- Scenarios are important amid high degrees of uncertainty.
- Retail sales showed some front loading.
- There could be some pullback in consumer spending.
Fed policymakers are now working in scenarios amid the uncertainty on trade policies rather than trying to give a more concrete forward guidance.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
