Fed’s Barkin:
- Hard to reconcile current breadth of inflation with the progress the Fed needs to see for rate cuts.
- Disinflation likely to continue, but speed of that remains unclear
- Open to rate cuts once it is clear progress on inflation will be sustained and apply more broadly in the economy
- Businesses acknowledge less pricing power than before but are still findings strategies that may keep inflation too high.
Not too surprising.
This article was written by Greg Michalowski at www.forexlive.com. Source