Fed’s Williams: Inflationvhas fallen across categories
Source Fxstreet
Federal Reserve (Fed) Bank of New York President John William, a permanent voting member of the Federal Open Market Committee (FOMC), said on Tuesday that inflation has fallen across all categories over the last year and a half.
Williams participated in a panel discussion at the Economic Club of New York, and add some interesting comments on monetary policy.
Key takeaways
Inflation has fallen across all categories over the last year and a half.
US potential growth is around 2%, maybe higher.
Unclear what rise of AI does for productivirty, but is a big deal for business.
Market reaction
Williams words had no impact on the markets, overshadowed by concerns about a potential increase in Middle East tensions.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The US and Iran exchanged direct fire again after more than a month, rapidly escalating shipping risks in the Strait of Hormuz and pushing international oil prices back above $90 a barrel
As of the Asian session on August 31, gold prices today (XAUUSD) extended last Friday's decline, briefly falling below $4,400 during intraday trading to hit a low of $4,396.36. Last Frida
Today’s Market Recap: Escalating US-Iran Conflict Pushes Oil Past $90, Warsh's Hawkish Remarks Boost Fed Rate-Hike Expectations, August Nonfarm Payrolls in Focus This WeekTracking Market TrendsTradingKey - On August 28, Eastern Time, the three major U.S. stock indexes closed lower across the board. Remarks by Federal Reserve Chairman Warsh at the Jackson Hole symposium
Tracking Market TrendsTradingKey - On August 28, Eastern Time, the three major U.S. stock indexes closed lower across the board. Remarks by Federal Reserve Chairman Warsh at the Jackson Hole symposium
Fed Chair Warsh Makes Jackson Hole Debut: Can Bitcoin Capitalize on Momentum to Break Strong $83,000 Resistance?On August 28, Bitcoin (BTC) price continued to fluctuate in a narrow range
On August 28 Eastern Time, international silver prices continued their recent strong rally, with spot silver (XAGUSD) briefly breaking through the key $70 mark intraday, after approaching
Related Instrument
