rate cuts likely in H2 2024

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