- Will be looking for evidence that inflation is on a ‘consistent and meaningful’ downward path in making decisions
- Inflation still significantly above 2% target
Bowman laid out similar comments on the weekend with the focus being on the plural for rate increases. The market is only pricing in about a 40% chance of a single further rate hike.
Bowman is consistently hawkish so none of this is a surprise.
This article was written by Adam Button at www.forexlive.com. Source