December 03, 2024 at 05:35PM
Oct PCE data consistent as of now with a return to 2% inflation
Continuation of disinflation, modest job market cooling show Fed goals roughly in balance
Rate cuts so far were steps in removing policy restraint, Fed in process of moving toward more-neutral level
Current policy well-positioned to deal with uncertainty
Will vigilantly monitor for risks, negative supply shocks that may undo progress in reducing inflation
Higher productivity growth, immigration increase have driven surprising, largely desirable economic outcomes
There isn’t much of a hint here on what she favors for this months’ meeting.
This article was written by Adam Button at www.forexlive.com.
Fed’s Kugler: Will make decisions meeting by meeting policy not on a pre-set course
