MNI China Daily Summary: Thursday, May 16

MNI BRIEF: China To Take Necessary Measures Following Tariffs

MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

US EIA:NAT GAS STORAGE +70 BCF TO 2,633 BCF MAY 10 WK

MNI: US APR INDUSTRIAL PROD +0.0%; CAP UTIL 78.4%

Homebuilding Activity Transitioning From Plateau To Pullback

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Williams Says Fed Will Eventually Cut Rates

(MNI) WASHINGTON

New York President says Fed is looking at the "totality" of the data.

USPolicy NewsHomepageCentral Bank NewsFederal ReserveNorth AmericaBriefStoryRegion

Federal Reserve Bank of New York President John Williams on Monday said the central bank will eventually lower rates but for the time being it is steady as she goes.

The economy is moving back to better balance, "growing somewhat slower," and Friday's employment report showing employment increased by 175,000 in April "is consistent with what we've been seeing and what I think we need to see," said Williams at a Milken Institute conference noting real wage growth is also improving. "Eventually I think we'll have rate cuts," he said, noting interest rate policy will be based on the totality of the data. (See: MNI INTERVIEW: Fed Cuts Timeline Pushed Back - Reinhart)

Keep reading...Show less
131 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Federal Reserve Bank of New York President John Williams on Monday said the central bank will eventually lower rates but for the time being it is steady as she goes.

The economy is moving back to better balance, "growing somewhat slower," and Friday's employment report showing employment increased by 175,000 in April "is consistent with what we've been seeing and what I think we need to see," said Williams at a Milken Institute conference noting real wage growth is also improving. "Eventually I think we'll have rate cuts," he said, noting interest rate policy will be based on the totality of the data. (See: MNI INTERVIEW: Fed Cuts Timeline Pushed Back - Reinhart)

Keep reading...Show less