- One month data is not reliable but if the housing survey were to show a steady decline, the Fed would need to take a closer look.
- Commodity prices likely to return to inflation, services continue on track, housing market data suggests improvement there
- Rate sensitive sectors, weak mon pol effect are observed for signals approaching neutral
- Economic conditions will determine the pace of cuts from here
That's just enough from him.
This article was written by Adam Button at www.forexlive.com.
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