Fed’s Schmid: It remains to be seen how much more Fed will cut and where rates settle

• Rate cuts to date are an acknowledgement of growing confidence that inflation is on the path to 2% goal
• Hope productivity growth can outrun the effects of slowing population growth
• Won’t let enthusiasm over rising productivity get ahead of data or commitment to reaching Fed goals

There isn’t much of a hint on anything here.

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