This is funny. Earlier today, Daly said she ‘still’ believed in cutting rates twice this year and I repeated my oft-said saying that when central bankers say the ‘still’ believe in something, they rarely do.
Now she’s on the wires talking about today’s slightly-hot PCE report and saying it confirms her own decreased confidence in her forecasts.
This article was written by Adam Button at www.forexlive.com.