- Businesses are uniformly saying they will pass on the cost of tariffs
- There is an outcome where the Fed might look through tariffs but also one where it could affect price expectations
- Businesses say pricing power is in decline. It would be a surprise if it quickly flipped
- Says he doesn’t expect enough clarity by March to adjust interest rates
- To cut rates again would want to see the housing market slow
US equities are near the best levels of the day.
This article was written by Adam Button at www.forexlive.com. Source