Fed’s Williams: Inflation expectations are anchored

Source Fxstreet

Federal Reserve Bank of New York President John Williams noted on Wednesday that the Fed's future monetary policy decisions will depend heavily on economic data. He highlighted the significant uncertainty facing the Fed, much of which stems from potential changes in government policy.

Key Quotes

Monetary policy data-dependent in highly uncertain environment. 

Government policy outlook main source of uncertainty. 

Monetary policy ‘well positioned’ for economic outlook. 

Disinflation process to continue, could be choppy. 

Improvement in supply/demand balance allowed rate cuts. 

Balance sheet drawdown proceeding smoothly. 

Expects growth to moderate to 2% this year. 

Expects unemployment rate to hold between 4%-4.25%. 

Sees move to 2% inflation over coming years. 

Housing related inflation pressures are easing. 

Economy has returned to balance. 

Inflation expectations are anchored. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
3 Top Bargain Stocks Ready for a Bull RunThe market is coming off two strong years in 2023 and 2024, and that has led to a lot of expensive valuations for the better-performing stocks. But there are still some bargains to
Author  The Motley Fool
7 hours ago
The market is coming off two strong years in 2023 and 2024, and that has led to a lot of expensive valuations for the better-performing stocks. But there are still some bargains to
placeholder
Gold recovers ahead of US CPI inflation dataGold’s price (XAU/USD) recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States (US) Producer Price Index (PPI) release the previous day triggered substantial easing in US yields.
Author  FXStreet
7 hours ago
Gold’s price (XAU/USD) recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States (US) Producer Price Index (PPI) release the previous day triggered substantial easing in US yields.
placeholder
GBP/USD: Set to face significant support at 1.2100 – UOB GroupThe Pound Sterling (GBP) is likely to trade in a 1.2150/1.2275 range. In the longer run, deeply oversold conditions signal GBP could trade in a range for a couple of days; any decline is expected to face significant support at 1.2100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Author  FXStreet
8 hours ago
The Pound Sterling (GBP) is likely to trade in a 1.2150/1.2275 range. In the longer run, deeply oversold conditions signal GBP could trade in a range for a couple of days; any decline is expected to face significant support at 1.2100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
placeholder
JPMorgan Predicts $14 Billion Inflows For Proposed Crypto ETFs If Approved By US SECJPMorgan Chase & Co. Analysts have made a significant projection regarding the potential impact of a new wave of exchange-traded funds (ETFs) focused on alternative crypto assets.  Should these
Author  NewsBTC
8 hours ago
JPMorgan Chase & Co. Analysts have made a significant projection regarding the potential impact of a new wave of exchange-traded funds (ETFs) focused on alternative crypto assets.  Should these
placeholder
Gensler Calls Bitcoin ‘Highly Speculative’ Yet In-demand: 7 Billion Want To Trade ItIn a recent interview with CNBC’s Squawk Box, outgoing US Securities and Exchange Commission (SEC) Chair Gary Gensler offered a nuanced perspective on the digital asset landscape, particularly focusing on Bitcoin (BTC) and the broader crypto market.  His remarks come amid increased scrutiny of the industry, which has faced regulatory challenges and calls for greater […]
Author  Bitcoinist
8 hours ago
In a recent interview with CNBC’s Squawk Box, outgoing US Securities and Exchange Commission (SEC) Chair Gary Gensler offered a nuanced perspective on the digital asset landscape, particularly focusing on Bitcoin (BTC) and the broader crypto market.  His remarks come amid increased scrutiny of the industry, which has faced regulatory challenges and calls for greater […]
Related Instrument
goTop
quote