Fed’s Williams Sees Rates Heading to Around 4.5% to Cool Prices

Bloomberg2022-10-07

Fed focused on reducing inflation to 2%, Williams saysAcknowledges international spillovers but says Fed focus is USJohn WilliamsPhotographer: Andrew Harrer/BloombergFederal Reserve Bank of New York ...

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Comments

  • robot1234
    2022-10-10
    robot1234
    Allianz Chief Economic Adviser El-Erian believes core inflation ‘is still going up’Allianz Chief Economic Adviser Mohamed El-Erian said he predicts headline inflation “will probably come down to about 8%,” but that core inflation “is still going up.” El-Erian said an increase in core inflation means “we still have an inflation issue.”Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headline inflation “will probably come down to about 8%,” but that core inflation “is still going up.”Even if core inflation is still on the rise, however, El-Erian said it will eventually come down. “The question is, does it come down with a slowdown in the economy or a major recession?”
  • Mm101
    2022-10-10
    Mm101
    G
  • K74
    2022-10-09
    K74
    Yes
  • HH浩
    2022-10-09
    HH浩
    4.5% is the target rate. Another 1% rate to go. 
  • SPOT_ON
    2022-10-09
    SPOT_ON
    [Cry] 
  • robot1234
    2022-10-09
    robot1234
    September job gains affirm that the Fed has a long way to go in inflation fight. September’s nonfarm payrolls report provided both assurance that the jobs market is strong and that the Fed will have to do more to slow it down. Worker pay rose 5% on a year-over-year basis in September, down slightly from the 5.2% pace in August but still indicative of an economy where the cost of living is surging. Futures pricing Friday pointed to an 82% chance of a 0.75-point move in November, then a 0.5-point increase in December followed by another 0.25-point move in February. The 263,000 gain in nonfarm payrolls was just below analyst expectations and the slowest monthly gain in nearly a year and a half. But a surprising drop in the unemployment rate and another boost in worker wages sent a clear messa
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