Fed's Barkin (2027 voter) says that no single meeting is decisive and that errors can be corrected at the next meeting
Importance
Level 1
- Not seeing a strong business push to pass on price hikes.
- CPI data was encouraging.
- Shelter inflation is still biased due to missing October data.
- Businesses are more confident about tariff outcomes now than last April.
- Tariffs still create some cost and inflation pressure over time, but the timing is unclear.
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