Fed’s Cook: Path of disinflation has been bumpy and uneven, as expected

• Careful approach to easing policy over time can ensure inflation returns sustainably to 2% while striving to maintain a strong labor market
• Employment and inflation goals moving into better balance
• Inflation has fallen considerably, labor market has remained strong
• Wage growth differential between job switchers and those staying in jobs has narrowed
• Strong productivity growth could mean faster pace of wage growth that’s not inflationary

There isn’t much of a signal here.

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