Fed’s Goolsbee: Hope the Fed will get the to range of neutral by the end of 2025

• A single month’s data is not reliable but if the household survey were to show steady deterioration, the Fed would have to look at it more closely
• It’s likely that goods prices will return to deflation, services continues in the right direction, market data on housing suggests coming improvement there
• Will be watching rate-sensitive sectors, lagged impact of mon pol for signs that neutral is approaching
• Economic conditions will determine the pace of cuts from here

That’s just about enough from him.

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