Fed Officials Signal Rates Likely to Stay on Hold Until at Least September
Source: Bloomberg
May 19, 2025 at 9:44 AM EDT
Updated on May 19, 2025 at 3:55 PM EDT
Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September as they confront a murky economic outlook.
“It’s not going to be that in June we’re going to understand what’s happening here, or in July,” Williams said Monday at a conference organized by the Mortgage Bankers Association. “It’s going to be a process of collecting data, getting a better picture, and watching things as they develop.”
The Fed’s next three meetings are in June, July and September.
Investors now see less than a 10% chance of a rate cut when policymakers next meet June 17-18 in Washington. Based on pricing in fed funds futures, investors expect two quarter-point reductions by year’s end, down from the four seen at the end of April.
Read more: https://www.bloomberg.com/news/articles/2025-05-19/williams-says-fed-needs-beyond-june-july-to-get-clearer-outlook
No paywall (gift)
= new reply since forum marked as read
