"Federal Reserve Officials Express Caution on Urgent Rate Cuts Amid Inflation Concerns"
TL;DR Summary
US bond yields rose after New York Fed President John Williams mentioned the possibility of an interest-rate increase, interrupting the market's recovery from earlier highs. Williams clarified that it's not his base case but acknowledged that higher interest rates may be necessary if economic data indicate a need to achieve the Fed's goals.
Topics:business#economic-data#federal-reserve#finance#interest-rate-hike#john-williams#us-bond-market
- US Bond Yields Climb on Interest-Rate Hike Mention by Fed’s Williams Bloomberg
- Fed to cut US rates 'at some point, but no hurry, Mester says Reuters
- Fed officials cast doubt on rate cuts, inflation path in 2024 Business Insider
- Fed's Williams doesn't see any 'urgency' to cut rates Yahoo Finance
- Fed's Daly: There is absolutely no urgency to adjust policy rate ForexLive
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
0 min
vs 1 min read
Condensed
42%
91 → 53 words
Want the full story? Read the original article
Read on Bloomberg