- A really big move would matter for CPI forecast
- But these are not big movements
- Do not think policy divergence with the Fed is any more of an issue than it was before
- The peak effect of rates on inflation hasn’t occurred yet
He’s offering plenty of remarks today, covering a broad range of topics. But the bottom line is that they are still going to be data-dependent, waiting to see if they can cut rates again in September next.
This article was written by Justin Low at www.forexlive.com. Source