- We remain strongly committed to bringing inflation back to goal
- The full effects of policy tightening have yet to be felt
- Economy has expanded well above expectations
- The labor market remains tight
- Supply and demand conditions for labor continue to come into better balance
- Nominal wage growth has shown some signs of easing
- The process of getting inflation back to 2% still has a long way to go
- We are highly attentive to the risks that inflation poses to our mandate
- A few months of good inflation data 'only the beginning of what it will take'
- We are attentive to recent data showing resilience in growth and labor
- Data could warrant further tightening of monetary policy
- We will continue to make our decisions meeting-by-meeting
- Reducing inflation is likely to require a period of below-potential growth and labor market conditions softening
The US dollar has initially dipped on the headline. There has been no hint at a December hike so far.
