September 16, 2024 at 01:03PM
Negotiated wage growth will remain high and volatile over the remainder of the year
A gradual approach to dialing back restrictiveness will be appropriate if the incoming data are in line with the baseline projection
We should retain optionality about the speed of adjustment
Lane is putting 50 bps on the table here but it will take a (futher) deterioration in data.
This article was written by Adam Button at www.forexlive.com.