Fed Must be Resolute and We Cannot Fall Short says NY Fed Williams

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  • #39910
    Helmholtz Watson
    Participant

    The New York Fed president John Williams, who is a voting member was speaking at a campus of the University of Puerto Rico continued with his hawkish
    [See the full post at: Fed Must be Resolute and We Cannot Fall Short says NY Fed Williams]

    #39919
    TradersCom
    Keymaster

    NY Fed Pres. Williams speaking:

    Debate of 50-75 basis points is right position for July meeting
    More data to come, but Fed still need to move expeditiously to more normal rate levels
    Fed funds rate at 3% to 3.5% by year end, but a lot of uncertainty after that
    Terminal level of rate hike cycle will hinge on behavior of inflation , and inflation expectations
    rising market interest rates are affecting the economy, but full effect of the Fed pivoted won’t be apparent until later in the year
    spending data is probably the 1st place where global slowdown will be seen. Jobs will lag
    expects to get some help from supply-side, but demand and supply must be aligned
    commodity price reversals could have a disinflationary impact
    recession not base case but clear the economy is slowing
    negative GDP in Q1 enter data into the spring not a signal of something fundamentally negative

    #40110
    TradersCom
    Keymaster

    Head up Tomorrow’s #Fed dribble:

    Tuesday, 12 July 2022 –
    12.30 ET Federal Reserve Bank of Richmond President Thomas Barkin speaks before the Rotary Club of Charlotte, in Charlotte, N.C
    Follows up Williams last week:

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