Economic News

In the earnings season for U.S. companies, focus is on five key areas

Fed's Williams expressed optimism about the prospects for a soft landing, indicating his support for a 25 basis point rate cut in November

2024/10/10

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Federal Reserve Bank of New York President Williams indicated that the U.S. economy is currently in a favorable position to achieve a soft landing. He suggested that after a 50 basis point cut in September, he supports a more gradual approach to interest rate reductions in future meetings.

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Williams praised the September employment report as "very good," indicating that even after more than a year of high interest rates, the U.S. economy remains robust, and inflation continues to moderate.

In an interview with the Financial Times, Williams stated, "The current monetary policy stance is indeed strong, as it helps sustain the strength of the economy and the labor market while allowing inflation to move towards the 2% target.

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