- It is too early to begin discussing cuts
- We’re nonetheless discussing whether or not we raised rates of interest sufficient and the way lengthy they should keep the place they’re
- Fed will do what it must do, we will do what we have to do
Central bankers have an extended historical past of warning that ‘it is too early to debate’ issues, proper earlier than doing these very issues. It is honest that they do not need to frontrun their choices however I would not anticipate markets to shift considering on March, which is 65% priced for a reduce, rising to 100% in April.
Earlier, Macklem mentioned the two% inflation goal is “now in sight”.
