- Six-month PCE inflation now ‘just below’ 2% target’
- ‘You can see the case’ for a soft landing developing but it is not inevitable
- Risks include delayed impact of high rates on credit, outside shocks, services inflation getting stuck and strong demand
- Potential for additional hikes remains on the table
- Suggests less focus on path of rates and more on whether inflation continues to fall and economy remains strong
This article was written by Adam Button at www.forexlive.com. Source