- Careful approach to easing policy over time can ensure inflation returns sustainably to 2% while striving to maintain a strong labor market
- Employment and inflation goals moving into better balance
- Inflation has fallen considerably, labor market has remained strong
- Wage growth differential between job switchers and those staying in jobs has narrowed
- Strong productivity growth could mean faster pace of wage growth that's not inflationary
There isn't much of a signal here.
