Careful approach to easing policy over time can ensure inflation returns sustainably to 2% while striving to maintain a strong labor marketEmployment and inflation goals moving into better balanceInflation has fallen considerably, labor market has remained strongWage growth differential between job switchers and those staying in jobs has narrowedStrong productivity growth could mean faster pace of wage growth that’s not inflationary
There isn’t much of a signal here.
This article was written by Adam Button at www.forexlive.com.