- Most see risks to employment and inflation goals as “roughly balanced”
- “Almost all” participants see increased upside risks to inflation outlook
- Foreign central banks generally easing policy faster than Fed heading into 2025
- GDP continues “solid” expansion though slower than previous quarters
- Credit conditions still restrictive despite easing in borrowing costs
- ‘Some’ participants favored holding rates steady given inflation persistence risks
- Strong consumer spending supported by labor market, rising real wages
- Housing services inflation moderating but “somewhat elevated”
- Business contacts report increased price sensitivity from consumers
- Broad equity prices rise on corporate profit optimism post-election
This article was written by Adam Button at www.forexlive.com.
