NY Fed Pres. Williams is the next speaker and he says:
Monetary policy is data-dependent in a highly uncertain environment.Government policy outlook is the main source of uncertainty.Monetary policy is "well-positioned" for the economic outlook.Disinflation process to continue but could be choppy.Improvement in supply/demand balance allowed rate cuts.Balance sheet drawdown proceeding smoothly.Expects growth to moderate to 2% this year.Expects unemployment rate to hold between 4%–4.25%.Sees move to 2% inflation over coming years.Housing-related inflation pressures are easing.Economy has returned to balance.Inflation expectations are anchoredLots of uncertainty from the voting member.
The expectations for a cut increased today, but the market is still 50/50 (or just below) for a 2nd cut in December
A look at yields:
2 year 4.289%, -7.6 basis points5 year 4.470%, -12 basis points 10 year 4.669%, -11.9 basis points30 year 4.85%, -9.9 basis points This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about fed s williams monetary policy data dependent in highly uncertain environment was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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