There's a real derby from the old Fed hawks to turn into doves just as Trump gets set to pick a new Fed chair.
Open to cutting rates as soon as July if inflation pressures stay containedShould put more weight on downside risks to jobs market going forwardTrade policy only likely to have 'minimal impacts' on inflationData not showing much impact from trade policy shiftsGovernment policy changes should lower inflation risksProgress on trade has lowered uncertainty over outlookLabor market solid but signs of softness emergingConflict in Middle East could lead to higher commodity pricesThe implied odds of a July cut are up to 23% from 15% after Waller.
This is shamelessly political, but I guess everything is now.
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