Fed's Williams: It's still early days on questions involving stablecoins
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bearish | 1.1200 |
ANZ | Bearish | 1.1400 |
UOB | Bullish | 1.1565 |
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New York Fed President John Williams is out with some comments on stablecoins and crypto: Stablecoins are more about payments as opposed to stores of value Doesn't see rising financial stability risks from stablecoins Doesn't know yet how stablecoins will impact demand for reserv
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4 itemsFed Williams sitting on the fence on inflation, but says persistent above target
Lead — The desk interprets John Williams' recent remarks as a signal of cautious optimism regarding inflation, with longer-term expectations remaining stable despite near-term pressures. Per the full note [source], Williams emphasized that the labour market is not currently a source of inflationary pressure, which supports the Fed's current stance of watchful patience. This aligns with our consensus target of 1.075 for the USD/EUR pair, as traders await clearer signals from the Fed. The upcoming economic data releases may provide further clarity on inflation trends.