- Supported quarter-point cut
- Expect last week’s cut was a first step
- Aside from tariffs, inflation is near target
- Tariff effect will fade
- Labor market could deteriorate fast in the coming months
- Concerned housing weakness could lead to accelerating drop in values
- If demand conditions do not improve businesses may begin laying off workers
Bowman has taken a major dovish turn lately but she hasn’t gone ‘full Miran’ which was something of a fear before the FOMC.
This article was written by Adam Button at investinglive.com.