The Committee's employment and inflation objectives are generally complementary. However, if the Committee judges that the objectives are not complementary, it follows a balanced approach in promoting them, taking into account the extent of departures from its goals and the potentially different time horizons over which employment and inflation are projected to return to levels judged consistent with its mandate. The Committee recognizes that employment may at times run above real-time assessments of maximum employment without necessarily creating risks to price stability. ... [end quote]
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I'm guessing we are in for a cut by the Fed next month. By then, the effects of the new tariffs should begin to be shown in the figures (unless they are obscured by the powers that be) and the Fed may stand pat for a while.

Jeff

Macroeconomic Trends and Risks FAQ

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