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Federal Reserve officials, including Goolsbee and Williams, have indicated that interest-rate cuts may soon be warranted. Goolsbee expressed confidence in easing price pressures due to June's inflation reading, while Williams highlighted broad-based declines in inflation. Williams mentioned the possibility of an interest-rate cut in the US in the coming months and emphasized that even if rates are lowered, they would still restrain economic activity. Both officials emphasized the need for more data to make informed decisions on inflation and rates.
Fed's Williams (voter) Remarks: — "Interest-rate cuts could be warranted in the US in the coming months." — "There is a decision ahead of us on lowering rates." — "Even if and when the Fed starts to lower rates, they would remain at a level that still restrains economic…
⚠️ INTEREST-RATE CUT COULD BE WARRANTED IN THE US IN THE COMING MONTHS - NY FED PRESIDENT JOHN WILLIAMS IN WSJ INTERVIEW **FED'S WILLIAMS PUSHED BACK AGAINST CONCERNS BRINGING INFLATION BACK TO THE FED’S 2% GOAL WOULD BE MORE DIFFICULT THAN IT HAD BEEN SO FAR- WSJ **NY FED…
(US) Fed's Williams (voter): There is a decision ahead of us on lowering rates; Labor market is not weak; Fed will learn a lot between July and Sept - WSJ (More at https://t.co/dgTbtvMkhG)
