Did they all get the same text?
- – Low inflation is not a problem in an economy growing and operating at full employment- Soft inflation not an indicator of cyclical weakness
– Sustainable economic growth achieved by avoiding overheating and financial market instability
– Gradually adjustment of rates to more-normal settings will help avoid overheating
– Reasonable to expect that inflation will gradually rise as labor markets tighten further
– The fall in oil prices and dollar appreciation will also help inflation rise
– Despite positive economic news, still a great deal of attention focused on low inflation
– A 2% inflation target, in hindsight is far more challenging to maintain than expected
– Too much focus is placed on achieving this specific numerical target
– Current below target inflation should be put into context
– Arguably, with recent performance of the labor market and current inflation FOMC is, meeting the dual mandate
The USD barely moves: EURUSD 1.1845, USDJPY 112.42,CABLE 1.3205
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