In April, we get some data and in June we will have a lot more data and information, we will also have new projectionsWe will be looking at data and whether it confirms our hope that inflation is on the path to our forecastsA few members felt sufficiently confident to cut ratesA very large majority wanted more dataWe are data dependent, not Fed dependentThe size of our balance sheet has reduced quite a bit alreadyHighlights differences in eurozone versus US inflation, including consumption and fiscal responseIf disinflation continues, rate path will reflect that This article was written by Adam Button at www.forexlive.com.
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