Curran says if today's data falls far short of expectations, the tone of the Federal Reserve policy debate may change

Analyst Curran wrote that what changes in today's data are needed to shift the focus of the Federal Reserve's discussion? If the data is stronger than expected, it will support the stance for rate hikes and reinforce the view that inflation remains a primary concern, so this would not be surprising. However, if the data is much lower than expected, the situation will be different, especially if previous months' data are revised downward. This does not mean that the discussion about rate hikes will be over, but it will undoubtedly change the tone of the policy debate.