Nice to get inflation number that is better than expectedThere is more uncertainty noisestill on path to get to percent inflation.Today stations recent ferment was a bump.Next 12 to 18 months, rates can go down a paramount.Employment is stable, want to keep it stable, to do so rates need to come down to something like neutral.Agree policy rate is still far from neutral rateThe Fed is significantly less restrictive than we wereThe neutral rate is around 3%.Our goal is to get inflation down to 2% and incomes would rise faster than the prices This article was written by Greg Michalowski at www.forexlive.com.
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