Fed Williams: Job market stabilizes as inflation uncertainty looms
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.
