• We have made tremendous progress on inflation, more work to do
• Need to take time to look at data
• Don’t see any urgency to adjust rates
• Need to build confidence on inflation
• Supply chains have pretty much normalized
• Some industries still have supply chain issues, may take time to heal
• Highly focused on possible risks to progress on inflation
• Some industries still have supply chain issues, may take some time to heal

This is right out of the Fed textbook right now. Everyone wants more time to see more data.

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