Fed's Kugler: Latest data indicate progress towards 2% inflation may have stalled ...0

Supports keeping current policy rate in place as long as upside risks to inflation continueInflation expectations have risen, coming policy changes hold upside risksTakes comfort that increases in long-term inflation have so far been smallRecent high inflation, consumer expectations may be more sensitive to further price increases

This is obviously being ignored but there is a hawkish shift unfolding at the Fed and the 80% chance of a June cut that's priced in is too high.

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

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