• Almost everyone on the committee thinks inflation is coming down and that there will be multiple cuts over calendar 2024 and 2025
• Speed and size of cuts to be determined by economic data
• Neutral rates are ‘far from where we are’
• There is some question on the strength of the consumer, that said if you look at the spending data, it’s been fairly robust

He’s been talking all day, nothing new here.

This article was written by Adam Button at www.forexlive.com.