Trending Articles- Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut
- Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
- Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US Dollar
- Bitcoin Cash Unveiled: Why Did BCH Price Surpass BTC? Can it Soar to $1,000 in the Future?
- Silver Price Forecast: XAG/USD refreshes record high, looks to build on move beyond $61.00
- AUD/USD holds steady below 0.6650, highest since September ahead of China's trade data
New York Federal Reserve President John Williams said on Thursday that he doesn't feel an urgency to cut rates, per Reuters.
Key takeaways
Fed is data dependent and the data have been very good."
"We have a strong economy."
Fed rates haven't caused the economy to slow too much."
"Economic imbalances have been reduced."
"Monetary policy is in a good place."
"I don't feel urgency to cut rates."
"Eventually interest rates will need to be lower."
"Rate cuts will be determined by economic activity."
"Fed rate hikes are not my baseline forecast."
"If data called for higher rates, Fed would hike."
Market reaction
The US Dollar Index showed no reaction to these comments and was last seen rising 0.1% on the day at 105.95.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
