Fed’s Williams says no rush after September hike
The New York Fed Governor John Williams said that he “sees no need for urgency after September rate hike,” a dovish statement that pushed the US Dollar Index (DXY) modestly lower, though it remains positive in the day.
Williams added that more data will help with future policy decisions, and that “if the economy meets expectations, one further hike is likely this year.” He stated that inflation would likely end at 3.5% this year and hit the Fed’s 2% goal by 2028.
Key highlights:
Sees ‘no need for urgency’ after September rate hike
More data will help the fed decide what’s next for rate policy
If economy meets expectations, one further hike likely this year
Fed will respond to data when setting monetary policy
Imperative to get inflation back to 2%
Fed must make sure high inflation does not become entrenched
Sees inflation at 3.5% this year, hit 2% target in 2028
Fed policy can make sure impact of supply shocks not long lasting
Sees us GDP at 2.25% this year, unemployment at 4% over 2027
AI investment issues are an increasingly big issue for inflation
Us economic momentum strong and may be strengthening
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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