Fed’s Bowman: Open to cutting rates as soon as July
Source Fxstreet
FOMC Governor Michelle Bowman indicated that if inflation pressures stay contained, she would be in favour of lowering the policy rate at the next meeting to align it more closely with its neutral setting and maintain a healthy labour market.
Key Quotes
- Open to cutting rates as soon as the July FOMC meeting if inflation pressures stay contained.
- Should put more weight on downside risks to the job market going forward.
- It is time to consider adjusting the policy rate.
- Trade policy only likely to have ‘minimal impacts’ on inflation.
- Data not showing much impact from trade policy shifts.
- Government policy changes should lower inflation risks.
- Tariffs are likely to have a small impact on inflation.
- Progress on trade has lowered uncertainty over the outlook.
- Current Middle East strife could pressure up commodity prices.
- Labour market solid, but signs of softness emerging.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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