- Rates may need to be reduced
- Fed rate hike not part of baseline outlook forecast
- Fed policy makes progress in resolving economic imbalances
- Inflation in basic services excluding housing falls faster than expected
- No need to change monetary policy in the very short term
- Housing inflation falls more slowly than expected
- Recent inflation setbacks are no surprise to the Fed
These comments are more accommodating than I expected.
This article was written by Adam Button at www.forexlive.com.
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