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Fed's Williams: we are seeing some early signs consumers shifting spending patterns; consumers shifting more to services
FED'S WILLIAMS: WE ARE SEEING SOME EARLY SIGNS CONSUMERS SHIFTING SPENDING PATTERNS
— *Walter Bloomberg (@DeItaone) April 14, 2022
FED'S WILLIAMS: CONSUMERS SHIFTING MORE TO SERVICES
FED'S WILLIAMS: I EXPECT THAT PATTERN TO CONTINUE THIS YEAR
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FED'S WILLIAMS: THE FED MUST RETURN TO MORE NORMAL POLICY LEVELS AS SOON AS POSSIBLE.
— Breaking Market News (@financialjuice) April 14, 2022
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On Bloomberg TV, NY Fed Williams says a 50 basis point rate rise at the May FOMC is "a reasonable option."
— Michael S. Derby (@michaelsderby) April 14, 2022
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Fed's Williams: We need to get to a more neutral level on rates, data will guide the timeline for this
In an interview on Bloomberg Television, NY Fed President and FOMC member John Williams said that the Fed needs to move expeditiously towards more neutral policy levels, but data will guide the timeline for this normalisation. Additional Remarks: • "We are seeing some early signs consumers shifting spending patterns." • Consumers are shifting more to services. • "I expect that pattern to continue this year." • With very high inflation, the Fed needs to focus on bringing inflation down. • The labor market is basically back to almost where it was pre-pandemic. • The Fed needs to reverse policy actions from ... (full story)
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FED'S WILLIAMS: AS THE FED TIGHTENS POLICY, THE UNDERLYING TREND IN INFLATION WILL PEAK SOON AND FALL LATER THIS YEAR.
— BreakingFX.Live (@BreakingFx_) April 14, 2022