US EditionNew York Fed President Williams sees room for ‘further adjustment’ to rates
New York Fed President John Williams supports a near-term rate cut to move policy closer to neutral amid a softening labor market and stalled inflation progress, with traders pricing in a 64% chance.
- On Friday, New York Fed President John Williams said the U.S. Federal Reserve can still cut rates in the near term to move policy closer to neutral.
- Progress on inflation has temporarily stalled around 2.75%, and the U.S. unemployment rate appears to be softening, with some policymakers citing a 64% chance of rate cuts at the Dec. 9-10 Federal Open Market Committee meeting.
- Traders now see a better than 64% probability of a quarter percentage point reduction at the Dec. 9-10 Federal Open Market Committee meeting, as stock market futures rose and Treasury yields fell while fed funds futures tilted.
- As New York Fed President, John Williams' permanent FOMC vote gives his remarks weight and could influence the timing and size of rate cuts, affecting stock market futures, Treasury yields, and fed funds futures.
- Divisions persist among Federal Reserve policymakers, with some opposing cuts until inflation reaches the Fed's 2% inflation target, while John Williams views policy as still somewhat restrictive amid central bank divisions.
31 Articles
31 Articles
NY Fed president floats chance of a rate cut in ‘near term’ – sparking bets on December cut
New York Fed President John Williams said Friday there is room for “further adjustment” to interest rates, assuaging investors hopeful for another cut, while global brokerages split on their forecasts following mixed jobs data.
The global actions led by Wall Street regained ground this Friday after the president of the New York Federal Reserve, John Williams, suggested from Chile that the central bank could cut the interest rate again in December.The Dow Jones raised 225 points, equivalent to 0.5%, while the S&P 500 advanced 0.4%.The Nasdaq of technological actions also bounced off, although with a more moderate increase of 0.2%. Williams' comments pulled the stock mar…
The New York Stock Exchange is on the rise on Friday, driven by the resurgence of expectations of a new monetary détente of the US central bank (Fed) after comments from one of the members of the institution.
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- 38% of the sources are Center, 37% of the sources lean Right
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