Ian Shepherdson Shift Quotations

This is a low enough number to be interesting, but not so low that it clearly marks a favorable shift in the trend,

This is a sign that the committee is beginning to think aloud about shifting to a more neutral position - but the forecast of significantly slower growth will have to come first, ... For now, the elevated headline inflation rate and the tight pool of available labor remain bigger concerns, so the Fed's guard is still up.