MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Williams - Still Ways To Go To Sustained 2% Inflation

FED

NY Fed’s Williams (voter) doesn’t explicitly comment on the rate outlook, having last week said he sees rate cuts likely later this year. Instead, he notes the journey on the path to 2% inflation is not over yet with likely further bumps along the way.

  • "While we’ve seen great progress toward achieving our goals, the journey is not yet over, and I am very focused on making sure we complete this mission successfully."
  • “I expect inflation to continue its return journey to 2%, although there will likely be bumps along the way, as we saw in the most recent CPI data.”
  • “The MCT’s return trajectory is a mirror image of its rise. But, we still have a ways to go on the journey to sustained 2 percent inflation.”
  • “I expect PCE inflation to be around 2 to 2.25% this year and 2% next year.”
  • “The risks to this forecast are two-sided. Inflation may surprise on the upside, or consumer strength—a major driver of the robust growth we saw in 2023—may fade more quickly than I anticipate.”
Energy BulletsCommodities
Energy BulletsCommodities

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.