ps4crashbandicoot4| New York Fed President Williams 'latest statement comes! Inflation data is positive, but interest rate cuts need more confidence

Huitong Financial APP News--New York Fed Chairman John Williams commented on the latest inflation dataps4crashbandicoot4He expressed optimism about the decline, but he was not inclined to immediately push the Federal Reserve to lower interest rates. In an interview, Williams pointed out that although the decline in consumer prices in April was "a positive sign after a series of disappointing data," he did not believe there was a strong reason to adjust monetary policy at this time.

Williams believes that although inflationary pressures show signs of slowing, it is still necessary to see whether this trend will continue before deciding whether to reduce borrowing costs. He stressed that there is no indication that an immediate change in monetary policy is needed, and he does not expect to gain more confidence that inflation will move towards the target in the short term.

He made it clear that there is no need to further tighten monetary policy by raising interest rates, which is inconsistent with market speculation that the Fed may need to raise interest rates further to control inflation. Williams 'comments came as the consumer price index rose 3.3 percent year-on-year in Aprilps4crashbandicoot4.4%, which was published against the background of a year-on-year increase in core CPI of 3.6%, the latter being the smallest increase in three years.

As one of the key decision makers of the Federal Reserve, Williams 'views have an important impact on market expectations. His remarks may affect investors 'judgment of the Fed's future policy directions. Although inflation data earlier this year exceeded expectations, shaking the Fed's firm forecast of interest rate cuts, Williams 'comments suggest that the Fed is unlikely to take action to cut interest rates in the short term.

In addition, Williams also mentioned that although economic growth and employment data showed signs of slowing, the economic foundation remained solid and the labor market remained tight. He predicted that unemployment could rise slightly, while inflation could approach the Fed's 2% target by the end of the year and reach that level next year.

Williams emphasized that when considering monetary policy adjustments, the Fed will be based on confidence in maintaining the inflation rate at 2%, rather than waiting until the inflation rate actually reaches 2%. He also noted that although the size of the Fed's balance sheet has expanded due to previous bond purchases, its impact on bond yields remains modest.

Federal Reserve Chairman Jerome Powell also expressed expectations that inflation would fall back and hinted that policy rates would remain unchanged for the foreseeable future. These comments reflect Fed officials 'cautious optimism about current economic conditions and their cautious stance when formulating monetary policy.

The US dollar index is currently up slightly 0.1% at 104.4010.

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