• The current outlook calls for a gradual, patient approach to rate cuts.
• He backed the Fed’s December rate cut, but it was close.
• Food is not on a predetermined path, politics is well positioned.
• The current outlook is in line with the Fed’s December forecast.
• Economy in an ‘overall good place’ with significant uncertainties.
• It is too early to say what impact the election will have on the economy.
• Higher inflation is now expected compared to the recent past.
• The December rate cut made it possible to secure the labor market.
• The labor market is unlikely to be the driver of inflation right now.
• Housing factors remain the main driver of inflation.
• Less concerned about labor market fragility.
• The economy is on a gradual, uneven path back to 2% inflation.

This article was written by Greg Michalowski at www.forexlive.com.



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