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Federal Reserve Official Leaves Door Open for Interest Rate Hike to Tackle Inflation

A top Federal Reserve official discusses the possibility of further interest rate hikes to combat inflation, emphasizing the importance of data dependency for future decisions. Explore the impact of recent rate increases and the need to address stubborn inflation while maintaining a restrictive policy stance.
New York United States John Williams Federal Reserve Economic Club Of New York New York Fed President John Williams
Source: news18.com

CNN Inside Politics With John King June 4, 2024 16:31:00

Working, the economy seems to be cooling, byet one more rate increase. >> the expectation is probably a quarter percentage point increase. then maybe a pause, but theres big pressure from congressional democrats. for the fed to pause now. because they are worried that more rate hooiks could destabilize and cause a recession. >> we can show you regional stocks. at least they were up. higher interest rates have been one of the pressures on these banks. im not excusing the management, im not excusi...
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BBCNEWS World Business Report June 4, 2024 13:33:00

Here so people are starting to staff up. that said, for those that are watching the federal reserve and whether or not they are going to raise interest rates at their next meeting, this according to early guesses by economists, they are suggesting that before we got this jobs report it looked like a 50, 50 chance we would see a rate rise. i think the fact we are still seeing a strong jobs marketed in the united states means the odds of a rate increase have now increased around 70%. the reason we...
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