NY Fed President suggests possible further interest rate cuts based on strong jobs report and declining inflation.

John Williams, President of the New York Federal Reserve, indicated that further interest rate cuts may be appropriate following September's half-point reduction. He emphasized the importance of a strong jobs report and declining inflation, suggesting the Fed's current monetary policy supports economic growth. While traders anticipate a high likelihood of a quarter-point cut next month, JPMorgan's David Kelly warned of potential market risks tied to a soft landing scenario.

October 08, 2024
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