Fed’s Brainard: Appropriate ‘soon’ to move to a slower pace of increases

• Most recent CPI suggests core PCE might also show reduction
• Really focused on core inflation
• Starting to see the wage series step down but it will take time
• Core services and housing remain strong, will take until next year to filter into the headline
• Appropriate ‘soon’ to move to a slower pace of increases
• Fed has done a lot but more to do

More to come