On the economy:
There is a little bit of pulling forward on spending, but not as much as you might thinkUS economy remains "in a good place" with "good momentum" despite some sectors like transport showing slowdownConsumer and business spending remains resilient despite sentiment concernsLabor market cooling gradually without major disruptionRestrictive policy continues putting "downward pressure on inflation"Sees "very, very gradual process on inflation" requiring continued restrictive stanceInflation risks have "increased" and needs vigilant monitoringCommitted to bringing inflation back to 2% target
On monetary policy:
"Policy is in a good place" with "no rush" to make changesSEP median projected two rate cuts this year, but could be "fewer if inflation stickier""More cuts if growth falters" showing data-dependent approachEmphasizes "gradual policy rate reductions" with "no urgency"Neutral rate "may be rising" and estimates around 3% remain "uncertain"The market continues to price a high chance of a June rate cut (70%) but Fed officials don't see it, at least not yet.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about fed s daly cautiously optimistic on inflation path maintains call for gradual cuts was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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