Incoming U.S. economic data points to the need for higher interest rates, said New York Fed President John Williams on Wednesday.
U.S. economic data in recent weeks points to the need for higher interest rates, said New York Federal Reserve President John Williams on Wednesday.
“I think the incoming data support that hypothesis,”... U.S. economic data in recent weeks points to the need for higher interest rates, said New York Federal Reserve President John Williams on Wednesday. Traders in derivative markets are pricing in about one and a half rate hikes before the end of the year.The economy and not just housing has handled the Fed’s rate hikes reasonably well, he said.
Hawkish members of the Fed think that much of the effects of past monetary tightening, known as lags, “have already been realized.”
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