- The job market is strong, inflation is not falling as quickly as last year
- With this week’s CPI report, it’s a good time to reiterate that the Fed is not dependent on data.
- I have to be fully convinced that inflation is going down to 2% before I would consider a rate cut.
- There is a lot of work to do before you can be confident
- There is too much talk about the number of rate cuts, rather than what we are trying to accomplish.
The market puts the probability of a decline in July at 68%. For this to happen, we will need a decline in inflation data.
This article was written by Adam Button at www.forexlive.com.
cnbctv18-forexlive
