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The 2-year US Treasury yield slipped after New York Fed President John Williams said there was 'no urgency' for further action, while major stock indexes eased. US crude fell and the dollar firmed against the yen as investors awaited Wednesday's PCE inflation data.
By Michael S. DerbyFederal Reserve Bank of New York President John Williams said on Tuesday the U.S. central bank has time to weigh the data before deciding when to hike interest rates again, in remarks that said one more increase is likely before the year ends.“With the policy action we took at ou…
By Michael S. Derby and Ann SaphirFederal Reserve policymakers probably only need to deliver one more rate hike this year to get inflation back on track to the US central bank's 2% goal, New York Fed President John Williams said on Tuesday, in what amounted to a pushback against mounting expectatio…
The loonie held nearly unchanged at 1.4175 per US dollar after trading at 1.4201, as Canadian GDP matched expectations and the US dollar showed broad-based gains before pulling back.
Financial markets trimmed bets on a Federal Reserve interest-rate hike next month after New York Fed chief John Williams said he sees "no urgency" for further action after US central bank's policy rate increase earlier this month.Traders now see about a 50-50 chance of quarter-point rate hike at th…