Fed Barkin: Disinflation likely to continue, but speed of that remains unclear

Fed’s Barkin:

• Hard to reconcile current breadth of inflation with the progress the Fed needs to see for rate cuts.
• Disinflation likely to continue, but speed of that remains unclear
• Open to rate cuts once it is clear progress on inflation will be sustained and apply more broadly in the economy
• Businesses acknowledge less pricing power than before but are still findings strategies that may keep inflation too high.

Not too surprising.

This article was written by Greg Michalowski at www.forexlive.com.