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ECB's Muller: Would Be a Mistake to Act Too Soon and Have to Correct
ECB’s Muller: Would Be a Mistake to Act Too Soon and Have to Correct
— DB News TradFi (@DBNewswire) February 23, 2024
ECB’s Muller: ECB Needs to Be Patient with First Rate Cut
ECB’s Muller: Would Like to See 1Q Wage Data Before Moving on Rates
ECB’s Muller: Wage Growth Still Higher Than What We Would Like to See
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EUR/USD is heading higher for an eighth straight session and is looking to book modest gains across the week after five consecutive weeks of declines. Attention is on German data, ...
Axios recently sat down with Federal Reserve Bank of New York President John Williams for an exclusive interview on the economy. The big picture: In a 40-minute conversation, Williams suggested the Fed's 2024 plan — to move cautiously and deliberately toward interest rate cuts, and gradually wind down its policy of shrinking its balance sheet — is very much intact. Driving the news: Uncomfortably hot January inflation and job growth numbers have gotten the attention of Wall Street, and pushed back expectations about when rate cuts may arrive — and even prompted murmurs about the possibility of another rate hike. Williams' comments to us, paired with other official comments this week, suggest a more "steady-as-she-goes" approach. What he's saying: "My overall view of the economy basically hasn't changed based on one month of data," Williams said. He and his colleagues have expected inflation to move up and down month to month, after all. "It can be a little bit bumpy on the way." As for what it will take for rate cut relief to come, Williams said that "things are moving [in] the right direction." "At some point, I post: Fed’s Williams: View of Economy Hasn’t Changed After Jan Data, Things Moving in Right Direction-- Axios Interview post: FED'S WILLIAMS: RATE CUTS ARE LIKELY LATER THIS YEAR.
video The Fed is in no rush to ease policy and markets are finally starting to come round to the prospect of no rate cuts before the summer. Yet, stock markets have remained ...
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- Posted: Feb 23, 2024 11:17am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,502