- Still seeing moderation in overall level of inflation but still a ‘disconnect’ with services and shelter
- Would have more confidence if improvement in inflation was broader
- Progress on goods has been encouraging and could make the case that it could continue
- Some businesses in service sector have found they have pricing power and will not give it up until there is pushback from consumers and competitors
He’s certainly not freaking out about inflation but he’s more on the dovish side of the spectrum.
This article was written by Adam Button at www.forexlive.com. Source