President of the New York Federal Reserve (Fed) John Williams spoke about his outlook on the Fed’s rate stance during an interview with Axios.
Key highlights
- Rate cuts are likely later this year, but only if appropriate.
- Fed Williams’ view of the economy hasn’t materially changed after January data.
- However, things are moving in the right direction.
- Rate hikes are not Fed Williams’ base case currently.
- Expects consumer spending growth to slow this year.
Source: https://www.fxstreet.com/news/feds-williams-rate-cuts-likely-in-h2-2024-202402231746