Federal Reserve officials, including New York Fed President John Williams, are signaling a reluctance to cut interest rates further in the near term. Williams sees no urgency for rate cuts and expects cuts later in the year. The Fed aims to bring inflation back to 2% but is cautious, waiting for greater confidence in sustainable inflation movement. Various Fed statements indicate a focus on labor market conditions, wage gains, and inflation expectations, with a belief that policy actions have helped manage inflation pressures.
Fed's Kugler 'optimistic' on disinflation without big job losses https://t.co/6XI1h5n1wN https://t.co/0ASsEAxBOP
Interest rates are still much too low to fight #inflation. If the #Fed is serious about returning inflation to its 2% target, it's going to have to raise interest rates considerably higher from here. Since it can't do that without creating a banking and market crisis, it won't.
Fed's Kugler 'Optimistic' On Disinflation Without Big Job Losses - MS https://t.co/mKahKDbCNX
🔴 FED’S KUGLER: WORKERS AND EMPLOYERS ARE BETTER AT FINDING EACH OTHER NOW.
🔴 FED’S KUGLER: FED POLICY ACTIONS HAVE HELPED BRING INFLATION PRESSURES DOWN, HELPED ANCHOR INFLATION EXPECATIONS.
🔴 FED: ONGOING SOFTENING OF LABOR DEMAND AND IMPROVEMENTS IN LABOR SUPPLY SHOULD CONTRIBUTE TO A FURTHER SLOWING IN CORE SERVICES PRICE INFLATION.
🔴 FED: RISKS TO ACHIEVING FED'S GOALS MOVING INTO BETTER BALANCE, FED REMAINS HIGHLY ATTENTIVE TO INFLATION RISKS.
🔴 FED: IT IS NOT APPROPRIATE TO REDUCE TARGET RANGE UNTIL WE HAVE GREATER CONFIDENCE INFLATION MOVING SUSTAINABLY TOWARD 2%.
🔴 FED: INFLATION EXPECTATIONS ARE BROADLY CONSISTENT WITH 2% GOAL.
FED: U.S. INFLATION HAS SLOWED NOTABLY, REMAINS ELEVATED
🔴 FED: THE LABOR MARKET HAS REMAINED RELATIVELY TIGHT, DEMAND HAS EASED, SUPPLY HAS TRENDED HIGHER.
🔴 FED: WAGE GAINS SLOWED IN 2023, BUT REMAIN ABOVE PACE CONSISTENT WITH 2% INFLATION.
🔴 FED: US INFLATION HAS SLOWED NOTABLY, IT REMAINS ELEVATED - MONETARY POLICY REPORT.
Fed Watch: What they are saying is no rate cuts anytime soon. Not March, and it looks like not May either. We need to assess June as we get closer to https://t.co/qEEZiAYFRU https://t.co/r8tsVq2qBn
S&P: we believe the Federal Reserve will cut its policy rate by 25 basis points at its June meeting, with cuts totaling 75 basis points by year-end.
🔴 GOLDMAN SACHS EXPECTS ECB TO START CUTTING INTEREST RATES IN JUNE VS PRIOR FORECAST OF APRIL.
Fed's Williams reiterates rate cut likely later this year https://t.co/4f7exZzZXA https://t.co/k4hRYTz4PF
New York Fed President John Williams says he doesn’t see a need for officials to tighten policy further and reiterates he expects rate cuts later this year https://t.co/P3EhtaJbXh
Fed’s Williams Sees No Urgency To Cut Rates https://t.co/kcWnNt4vPT
Fed's Williams: Fed Can Take Time To Deliberate On Next Policy Move - Fed Expected To Cut Rates Later This Year, Doesn't See Sense Of Urgency To Cut - Says Hike Is Not Part Of Base Case, Current Outlook Doesn't Suggest Hike Is Needed - Wants Inflation Back To 2%, Sees Progress
Interest rate cut now unlikely until June after Fed's preferred meaure of inflation rises - showing war on price rises is not over https://t.co/btFF3qoK2H https://t.co/yVJ6lZelhJ