- Analytics
- News and Tools
- Market News
- Fed's Williams: We still have work to do on rates
Fed's Williams: We still have work to do on rates
New York Federal Reserve President John Williams said on Wednesday that the labor market is still very strong and added that they have more work to do on rates, as reported by Reuters.
"The Fed will watch the data to determine the path of rate rises," Williams added and argued that inflation could prove more persistent. "Maybe services prices stay elevated, and if that happens we'll need higher rates."
Market reaction
The US Dollar Index showed no immediate reaction to these remarks and was last seen posting small daily losses at 103.25.
Additional takeaways
"Last year we had a long way to go on rates and that needed big steps."
"We are likely now closer to peak and can take smaller steps."
"25 bps rate hikes seem the best option for now, they allow us to more easily assess rates."
© 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
