Economic Policy Outlook - The current economic momentum suggests that maintaining a mildly restrictive policy rate is necessary, as businesses are showing profits and the case for a heavily restrictive stance is weak [2] - The expectation is for one or two rate cuts in 2026, but this could hinder the ability to bring inflation back to target levels [3] - Given the potential volatility in economic statistics due to the government shutdown, a cautious approach is advised, with a focus on waiting for clearer signals [3][4] Labor Market and Inflation - The labor market appears to have stabilized, providing an opportunity to allow economic conditions to develop further before making significant policy changes [4] - The goal remains to guide inflation back to the target of 2%, emphasizing the importance of patience in the current economic climate [4]