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FOMC To Look At Totality Of The Data

FED
  • Q: Would June's type of inflation progress be enough to hold steady from here, or do you need to see below trend growth and decelerating job income growth too?
  • A: It's hard to pick the pieces apart, well be looking at everything, and whether he signal from June CPI is replicated or the opposite of replicated or something in the middle.
  • What we're going to do in Sept is look at 2 more job reports, 2 more CPI reports, lots of activity data, and make the decision then. Could mean another hike in September or mean that we maintain at that level. Is the overall signal one that we need to do more. It's really dependent so much on the data.

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