• Fed needs to guard against inflation risks
• But should not ignore possibility of productivity boom and faster non-inflationary growth
• Tariff-driven price increases not spilling over into broader inflation
• The balance of risks has shifted as the labour market has softened
• Inflation has declined but remains elevated
• Policy remains modestly restrictive, economy has been resilient this year

This article was written by Justin Low at investinglive.com.



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