N環球 
Fed officials cool October rate-hike bets: no need to rush
New York Fed President John Williams and Vice Chair Philip Jefferson said policy moves should be "carefully considered" on the data, with one more hike this year "possibly appropriate" but "no need to rush." Market odds of an October hike have fallen. (Per Yonhap via Aju Press)
Why it matters
Markets had priced in about a 70% chance of an October hike; remarks from the two officials have cooled those expectations.
What they said
New York Fed President John Williams said on Sept. 29 that one more rate hike before year-end "may be appropriate," but there was "no need to rush." Fed Vice Chair Philip Jefferson said on Oct. 1 that any policy adjustment should be "carefully considered" based on data trends and projections, and decisions could take more time. The report notes that Fed Chair Kevin Warsh has consistently avoided forward guidance.
Context
Based on a Yonhap report of Oct. 4 (via Aju Press). This article compiles verified public remarks only and makes no forecast of rate moves.
💬 Comments
No comments yet. Be the first!