- Even with easing, mon pol would still be ‘mildly restrictive’
- Policy not on a pre-set path
- Inflation risks more contained but tariffs will still push up prices
- Favourable financial conditions will support households (translation: stock prices went up)
- Downside risks to jobs market have risen
This is dovish but the market mover right now is Trump’s fresh attack on China.
This article was written by Adam Button at investinglive.com.