Fed's Williams: No need to change monetary policy in very near term
Trending Articles- Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gains
- Bitcoin's 2025 Gains Erased: Who Ended the BTC Bull Market?
- Nearly $2 Billion Wiped Out in Crypto Liquidations Amid Brutal Sell-Off
- Gold Price Forecast: XAU/USD declines below $4,050 on USD strength and hawkish Fed comments
- U.S. September Nonfarm Payrolls: Two-Scenario Analysis, Will U.S. Stocks Diverge in Short-Term and Medium-to-Long-Term Trends?
- Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP report
Federal Reserve (Fed) Bank of New York President John Williams argued on Thursday that the Fed does not need to change monetary policy in the very near term," per Reuters.
Key takeaways
"Eventually will need to cut rates."
"A Fed rate hike is not part of the baseline view for outlook."
"Fed policymaking progress is working out economic imbalances."
"Core services ex-housing inflation is falling faster than expected."
"Shelter inflation slower to come down than expected."
"Recent inflation setbacks are not a surprise to the Fed."
Market reaction
The US Dollar Index preserves its bullish momentum following these comments and was last seen trading at its highest level since November at 105.40, rising 0.22% on the day.
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.
