July 16, 2024 at 07:46PM
Upside risks to inflation and downside risks to jobs have become more balanced
If labor market cools too much, it will be appropriate to cut rates sooner rather than later
It may be appropriate to hold rates steady ‘a little longer’
Inflation has continued to trend down despite ‘a few bumps’ at the start of this year
Continued labor market rebalancing suggests inflation will continue to move towards 2% target
How much longer is ‘a little longer’?
This article was written by Adam Button at www.forexlive.com.
Fed’s Kugler: Will be appropriate to ease later this year if conditions evolve favorably