• Comfortable with 50 bps, shows fed is focused on risks around employment, not just inflation
• Inflation is way down from peak, labor market is at full employment
• Keeping rates at decade-high does not make sense when you want things to stay where they are
• To reach a soft landing you can’t be behind the curve
• Rates must come down significantly
• Golden path is in the books, inflation came down without a recession last year
• Businesses say they see “steady as she goes” with surprisingly little discussion about inflation
• Monitoring office building vacancy rates, making sure banks provisions for any losses on commercial real estate

Fed officials have this vision in their mind of executive a perfect soft landing. That’s a dangerous game.

This article was written by Adam Button at www.forexlive.com.