- The economy started the year on a solid footing
- Sees unemployment rising to 4.5% to 5% this year
- Expects growth to slow to 1% this year
- Very important to keep inflation expectations anchored
- Modestly restrictive mon pol is totally appropriate
- Tariffs are a huge driver of uncertainty
It’s nice to see him putting some numbers on it. The market still thinks rate cuts are coming and if you read what Eamonn wrote earlier then maybe we’re listening to the wrong people about the Fed.
This article was written by Adam Button at www.forexlive.com.