Goolsbee: The size of the Fed cuts is not important, the path is important

• Almost everyone on the committee believes that inflation will decline and that there will be multiple cuts through 2024 and 2025.
• The speed and size of the cuts will be determined by economic data.
• “Neutral prices are a far cry from where we are now.”
• There are some questions about consumer strength, but if you look at the spending data, it has been fairly strong.

He’s been talking all day, and there’s nothing new here.

This article was written by Adam Bouton on www.forexlive.com.