- Fed is not done with work to bring inflation back to 2%
- Inflation is still too high but labor market showing signs of cooling
- Fed is getting into a tricky situation with mandates
The vote split at the September meeting will be an interesting one.
More:
- Need to watch tariff related inflation to see if it's persistent
- Goods inflation is rising because of tariffs
- Data suggests economy is slowing and moving to a soft landing
