Fed quasi-officials optimistic about rate cut
John Williams, president of the Federal Reserve Bank of New York, a senior official of the Federal Reserve (Fed), also expressed his views on the current economic situation in a recent statement. He expects to see inflation begin to slow in the second half of this year.
John Williams pointed out that although inflation is still very high and no significant progress has been made in reducing inflation in recent months, the current monetary policy has clearly exerted effective restrictions on inflation. He believes in the Fed's policy Able to bring inflation back to the 2% target.
John Williams predicts that the U.S. economy will maintain steady growth in the next few quarters. The U.S. economy will grow by 2% to 2.5% by the end of this year, the unemployment rate will reach 4% by the end of the year, and the key inflation rate is expected to drop to 2.5%. , and will stably approach the 2% target in 2025-2026.
At the same time, the 2024 U.S. FOMC meeting interest rate resolution will be announced at 03:00 in the morning on June 13, Taiwan time. John Williams believes that interest rate cuts in the short term will depend on a significant slowdown in inflation. If the CPI data in May is better than expected , there is a chance that the FED will choose to lower interest rates.
