- Analytics
- News and Tools
- Market News
- New York Fed president Williams: My view is that spike in inflation mostly reflects temporary effects of surprisingly rapid opening of the economy
New York Fed president Williams: My view is that spike in inflation mostly reflects temporary effects of surprisingly rapid opening of the economy
- Thanks to widespread vaccinations and robust support from fiscal policy, economy is reopening more quickly and more strongly than expected
- After sharp declines in employment, production, and prices last year, the opposite is now occurring. As a result, we are seeing a record number of job openings, supply bottlenecks in sectors such as autos, and sharp increases in prices for some high-in-demand goods and services
- I expect inflation-adjusted, or real, GDP to increase 7% this year; if that forecast comes true, that would be the fastest y-o-y growth rate since 1984
- I cannot stress enough that we still have long way to go to get back to full strength; there are still over seven million fewer jobs today than before the pandemic
- Recent inflation data have moved up sharply, which has garnered a great deal of attention; my view is that spike in inflation mostly reflects temporary effects of surprisingly rapid opening of the economy
- I expect that as price reversals and short-run imbalances from the economy reopening play out, inflation will come down from around 3% this year to close to 2% next year and in 2023. It goes without saying that there is a great deal of uncertainty about the inflation outlook, and I will be watching the data closely
- It’s clear that the economy is improving at rapid rate, and the medium-term outlook is very good. But the data and conditions have not progressed enough for FOMC to shift its monetary policy stance of strong support for economic recovery
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
