Fed's Williams: rate cuts likely in H2 2024

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President of the New York Federal Reserve (Fed) John Williams spoke about his outlook on the Fed's rate stance during an interview with Axios.

Key highlights

  • Rate cuts are likely later this year, but only if appropriate.
  • Fed Williams' view of the economy hasn't materially changed after January data.
  • However, things are moving in the right direction.
  • Rate hikes are not Fed Williams' base case currently.
  • Expects consumer spending growth to slow this year.
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