Expecs inflation to wane to 2.25% this year and close to 2% next yearSees GDP this year between 2.25% and 2.50% Recent Fed rate cut should leave the economy in a strong placePace and size of future cuts to be determined by economic dataJob market unlikely to an inflation driver going forwardSees unemployment at 4.25% and around that in 2025
I don’t see any big market drivers here but those are some low unemployment forecasts .For Williams, that suggests he would be prepared to do more-aggressive easing if unemployment rises above 4.5% or appears to be headed that way.
This article was written by Adam Button at www.forexlive.com.
