- Analytics
- News and Tools
- Market News
- Fed's Williams: Fed still has a way to go, cites 4.6% median `23 dot
Fed's Williams: Fed still has a way to go, cites 4.6% median `23 dot
New York Fed President John C. Williams has been speaking on Monday at the 2022 U.S. Hispanic Chamber of Commerce National Conference.
He said in more recent trade that the Fed still has a way to go, cites 4.6% median `23 dot.
In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. "The outer layer consist of prices of globally traded commodities such as lumber, steel, grains, and oil."
Prices soared as demand rebounded from the pandemic. Russia's war in Ukraine also added to the pressure, he said.
Market update
Meanwhile, the US dollar was softer by 0.4% and stocks on Wall Street ended sharply higher on Monday. The Dow finished +2.7%, the S&P 500 closed +2.6% and the Nasdaq Composite ended +2.3%.
The 10-year Treasury yield fell 14 basis points to 3.66% and at one point dropped by 20 basis points. The 2-year yield declined 9 basis points to 4.12%.
ISM manufacturing index data, which provides a gauge for manufacturing activity in the US, came in lower than expected. The ISM reported a figure of 50.9 for September, lower than the forecasted 52.2.
© 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
