- Consumer spending has been resilient
- Government shutdown effects should be reversed this quarter
- Activity in housing sector weak
- A good part of slowing in jobs market represents declining workforce, though hiring demand has clearly slowed as well
- Inflation has eased significantly but remains somewhat elevated
- Inflation should trend towards 2% once tariff inflation has passed through
- Mon pol is not on a preset course
- We will continue to do our jobs with objectivity and integrity
In the Q&A:
- Cook case is perhaps the most-important in Fed history
- The outlook for economic activity has clearly improved since the last meeting
More to come
This article was written by Adam Button at investinglive.com.