Fed's Williams: 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.
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