Housing services inflation is gently declining. Non-housing services inflation is coming down. Wage growth is coming down. We've seen the jobs number and consumer spending is cooling. All of that suggests the real underlying economy is slowing. As one policy maker, I need to start leaning more on the data I've got confidence in. The economy is slowing and that means in the near term it may become appropriate to start adjusting the federal funds rate.
167 calls
no reliable edge (random outcomes)
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