Trending Articles- Bitcoin Returns to $79,000 Level. Prediction Markets Bullish on Breaking $80,000 in April
- Gold holds steady near $4,600 as Fed rate decision looms
- Fed FOMC Meeting Is Approaching: Where Is the Focus? Will There Be More Rate Cuts This Year?
- Goldman Sachs: Structurally Bullish on Gold to $5,400, But Warns of Short-Term Pullback
- Today’s Market Recap: Fed Dissent and AI Capex Surges Define Volatile Earnings Week
- WTI sticks to modest gains above $94.00 as Hormuz standoff fuels supply concerns
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.
