Fed's Williams sees steady trend-like growth for the US economy
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Monetary policy is well positioned What happens to mon pol depends on data and risks We are likely near the peak impact of tariffs Inflation is still quite high The risks are pretty balanced on the jobs market Retreat in energy prices is good news, should ebb further and cool inf
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Lead — The desk interprets Fed President John Williams' recent remarks as a clear signal that the Federal Reserve is adopting a wait-and-see approach regarding interest rates. Per the full note [source], Williams emphasized that current monetary policy is mildly restrictive, with no immediate need for adjustments, reflecting a balanced view on inflation and economic conditions. This cautious stance aligns with our consensus target for the USD, which remains stable amid mixed market signals. As traders navigate this landscape, the upcoming economic indicators will be crucial in shaping expectations.
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