Changes in tax policy will likely provide some lift in growth, the magnitude and timing is uncertain
Household spending has picked up
Steady participation rate is a sign of improved labor market
We expect job market to remain strong
FOMC expects sustained job creation and rising wages
The pace of job gains will moderate over time as we reduce the degree of accommodation
Inflation softness reflects transitory developments
We are prepared to adjust monetary policy as needed
We still expect gradual rates to be warranted
This rate is still 'somewhat' below netural but would not have to rise much further to get to neutral
Additional likes likely appropriate 'over next few years'
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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