• Majority said there are risks to the upside on inflation
• For most of us, core inflation is what we are looking at
• Wouldn’t say we are at terminal rate but the chance has increased

They still want to leave the door open to further tightening but given prevailing circumstances, everyone knows that they are done already. The only thing is that they can’t declare victory on the inflation front just yet, hence the ongoing rhetoric i.e. no pivot.

This article was written by Justin Low at www.forexlive.com.