- So far the economy is in a good place and so is policy
- Concerns about tariff impact on inflation aren’t as large as they were when they were first announced
- Many possibilities on how much of tariffs pass through to customers
- Fundamentals of economy are moving to where an interest rate cut may be necessary
- CEOs have cautious optimism on tariffs
- I look more to the autumn rather than July for a rate cut
- Unless we see a faltering labor market, autumn looks more appropriate
This is a pushback against Waller from earlier but it’s not a surprise to the market, which is pricing a 15% chancee of a July cut.
This article was written by Adam Button at www.forexlive.com.