ACTV - Fed Policy: One Month Of Good Data Is Not Enough
2024-06-14 09:45:00 ET
Summary
- One softer-than-expected monthly inflation reading didn’t stop Federal Reserve officials from delaying the expected start of interest rate cuts.
- After these surprisingly firm core PCE readings earlier this year, Fed officials confirmed that they need to see a string of softer monthly inflation reports before they’ll become confident that inflation is moving sustainably back to 2%.
- Overall, the May CPI data and the June Fed announcements didn’t materially change our near-term outlook for the economy, inflation, or monetary policy.
One softer-than-expected monthly inflation reading didn't stop Federal Reserve officials from delaying the expected start of interest rate cuts....
Fed Policy: One Month Of Good Data Is Not Enough