Fed’s Williams: Expects that the economy will allow the Fed to cut further

October 10, 2024
-FCHFX

October 10, 2024 at 04:02PM

Expecs inflation to wane to 2.25% this year and close to 2% next year

Sees GDP this year between 2.25% and 2.50%

Recent Fed rate cut should leave the economy in a strong place

Pace and size of future cuts to be determined by economic data

Job market unlikely to an inflation driver going forward

Sees unemployment at 4.25% and around that in 2025

I don’t see any big market drivers here but those are some low unemployment forecasts .For Williams, that suggests he would be prepared to do more-aggressive easing if unemployment rises above 4.5% or appears to be headed that way.

This article was written by Adam Button at www.forexlive.com.

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