Inflation on track to fully return to 2% inflation but too early to claim victoryExpect two quarter-point cuts this yearNeed to see more progress and gain confidence on disinflation before reducing rates.Strength in the economy and job market means the Fed has luxury of proceeding without urgency.Businesses are not distressedBusinesses are ready to invest and hire when the time is rightPent up exuberance in the economy is an upside risk to inflationInflation is still widespreadIt's clear in places like housing and real estate that monetary policy is having an impact3rd-quarter cut likely followed by a pauseThere is no urgency to cut rates given the economy strengthReturn to price stability i
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