Categories: Markets

Fed: I see no rate cuts until 2024 — John Williams

New York Federal Reserve Chairman John Williams He said on Monday that he believes the Fed will have to raise rates to a level tight enough to curb inflation, and keep them there for the whole of next year, Reuters reported:

“I think we’re going to need to stay tight for a while; I would expect that to continue at least into next year,” Williams said at a virtual event held by the Economic Club of New York, adding that he did not expect a recession.

“I do see a point, probably in 2024,” at which the Fed will start to cut interest rates, he said.

USD Update

The dollar rises in North American trade, while US values ​​. they are harmed by a start to the week in which the risk is lower. Major market averages opened lower on Monday as protests in China over COVID lockdowns led to some selling pressure in global stocks.

In early trading, the Dow fell 0.4%, the S&P 500 lost 0.5% and the Nasdaq lost 0.4%. The DXY is up 0.18% to 106.25, but the downtrend is open as long as it is below 106.60:

Source: Fx Street

Published by

Recent Posts

Joe Biden: China has not “yet” supplied Russia with weapons

The president of USA, Joe Bidenemphasized that the China has not supplied the Russia with…

2 hours ago

Massacre of Corinaldo, Fedez testifies: “High cachet, low spending and limited places”

«The discotheques fill up capped, you have to check them: you can't die like this».…

4 hours ago

BBB 23: TikTok makes fun of Key Alves after the athlete teases Larissa; understand

The Casa do Reencontro, dynamic of the Big Brother Brazil created so that the eliminated…

4 hours ago

OnlyFans model sells her ‘Ova’ so that beautiful people like her are born

More and more women are making the decision not to have children due to various…

4 hours ago

Indigenous woman is titled with thesis written in Nahuatl and honors her roots

Dina Adriana Cardoso Salvador, an indigenous woman of Mexican origin, demonstrated that nothing is impossible…

4 hours ago

Selena Gomez and Zayn Malik are caught together and spark romance rumors

According to the American press, recent news indicates that Selena Gomez and Zayn Malik could…

4 hours ago