Fed Williams: Job market stabilizes as inflation uncertainty looms

Christian Borjon Valencia FXStreet

John Williams, President of the Federal Reserve (Fed) of New York, spoke on Thursday and said that the job market has stabilized, acknowledging that he is not surprised to see near-term inflation expectations rise.

Key takeaways:

FED INDEPENDENCE DELIVERS BETTER ECONOMIC OUTCOMES

NOT TIME TO WORRY ABOUT FED INDEPENDENCE, STAFF FOCUSED ON MISSION

CONTEXT MATTERS FOR INFLATION GIVEN PERSISTENCE ABOVE TARGET

TARIFFS APPEAR TO HAVE MOSTLY WORKED THROUGH ECONOMY

JOB MARKET IS NOT DRIVING INFLATION PRESSURES, JOB MARKET IS NOT TIGHT

NOT SURPRISED TO SEE NEAR TERM INFLATION EXPECTATIONS RISE

IS SEEING PRETTY STABLE LONGER TERM INFLATION EXPECTATIONS

THERE ARE EMERGING ISSUES WITH SUPPLY CHAIN PRESSURES

WE ARE NOT SEEING SIGNS OF PROBLEMS WITH INFLATION EXPECTATIONS

IS NOT YET SEEING MAJOR SECOND ROUND IMPACT ON INFLATION

THERE'S A LOT OF UNCERTAINTY AROUND ENERGY PRICE OUTLOOK

THE JOB MARKET HAS BEEN SHOWING SIGNS OF STABILIZATION

THE JOB MARKET IS NOT 'HOT' BUT ALSO NOT SLOWING DRAMATICALLY

WEIGHS ALL MEASURES WHEN TAKING STOCK OF INFLATION

FED AMPLE RESERVE SYSTEM HAS WORKED VERY WELL

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.35%	0.92%	0.33%	0.06%	0.53%	0.40%	0.22%
EUR	-0.35%		0.55%	-0.06%	-0.30%	0.15%	0.01%	-0.14%
GBP	-0.92%	-0.55%		-0.62%	-0.86%	-0.39%	-0.52%	-0.66%
JPY	-0.33%	0.06%	0.62%		-0.26%	0.20%	0.06%	-0.12%
CAD	-0.06%	0.30%	0.86%	0.26%		0.45%	0.31%	0.20%
AUD	-0.53%	-0.15%	0.39%	-0.20%	-0.45%		-0.12%	-0.24%
NZD	-0.40%	-0.01%	0.52%	-0.06%	-0.31%	0.12%		-0.14%
CHF	-0.22%	0.14%	0.66%	0.12%	-0.20%	0.24%	0.14%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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