US NEC Director Brainard (and former Fed Governor): CPI data was encouraging

<p>Lael Brainard, the NEC Director (and former Fed Governor), is on the wires saying:</p><ul><li>June CPI was encouraging</li><li>US labor market is in much better balance than just 6 months ago</li><li>Biggest risk to economy was the threat of debt default, and that has been taken off the table</li><li>New evidence today suggests the US is on a path to more moderate inflation</li><li>Recent nonhousing core services inflation is close to pre-Covid levels</li><li>Liquidity at banks is being managed much better than before</li><li>Says it is important for bank executives to continue to manage risks</li></ul><p>Brainard was a former vice chair of the Federal Reserve. She resigned on February 18, 2023.</p>

This article was written by Greg Michalowski at www.forexlive.com.