Is the Fed still data dependent? - GKFX

TipTV Business

"There is still a lot of uncertainty about the US economy", says James Hughes, Chief Market Analyst at GKFX while talking about the Fed's hawkish rate hike. Hughes believes the Fed is still data dependent, especially when it comes to unwinding the balance sheet. He adds, "the situation is similar to the one seen in the UK...the US labour market continues to strengthen, but there are no signs of wage price inflation".

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