The New York Fed 'clarified' Williams' comments - but will anyone clarify Clarida's?

Author: Eamonn Sheridan | Category: Central Banks

New York Federal Reserve branch head John Williams spoke on Thursday, and many in the market thought he was signalling a 50bp rate cut from the FOMC in July.

Greg was all over developments::


New York Federal Reserve branch head John Williams spoke on Thursday, and many in the market thought he was signalling a 50bp rate cut from the FOMC in July.
Sumitomo Mitsui Bank remind us that Clarida was also dovish, but so far no modification of his comments:
  • Williams' comments were surprisingly dovish. 
  • The NY Fed went all the way to try to modify the message
  •  but no one seems to have done so for Clarida, who also said a very similar thing"
Huh.
I am still a 'no way' on a 50bp rate cut from the Fed on July 31.

25, yes. 
50, no.



ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose