New York Fed President Williams: We are in the right place in terms of policy

Market news

10 May 2019

New York Fed President Williams: We are in the right place in terms of policy

Says fall in inflation reflects "normal volatility"
Trimmed mean inflation not trending up or down
Has more confidence in his outlook for moderate growth
Near term risks to growth have receded
Labor market should support inflation returning to 2%, no sign of inflation pressure
Expects sustainable growth of 2.25% GDP growth in 2019
Says he is seeing more positive readings on China's economy due to gov't efforts
Trade tensions and Brexit uncertainty are downside risks

Disappointing April CPI report is not likely to change most Fed officials' view that significant part of recent soft inflation numbers is transitory - TDS

Canada’s building permits raise less than forecast in March

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