December 03, 2024 at 05:23PM
Labor market is completely in balance, not a source of inflation
We need an open mind
Timing of rate cut is up for debate, but need to keep moving policy rate down
Even if we do another rate cut, policy will remain restrictive
US economy is in a really good place
Employers are filling positions for core work, but not taking a lot of risk
Trade issues don’t usually derail growth, economy adjusts
Neutral rate is closer to 3%, can take our time in getting to neutral
There is no hint here on December but Kugler is coming up at 12:35 pm ET.
This article was written by Adam Button at www.forexlive.com.
Fed’s Daly: December rate cut is absolutely not off the table