NY Fed clarifies Williams speech ...

[tsptalk]

NY Fed clarifies Williams speech that market took as signal of a rate cut

New York Federal Reserve President John Williams was drawing from academic research when he said central bankers need to “act quickly” as economic growth slows, a representative for the central bank says.

The spokesperson says those comments were “not about potential policy actions.”

https://www.cnbc.com/2019/07/18/fed...that-market-took-as-signal-of-a-rate-cut.html

 

[TommyIV]

Mr Williams must have gotten investors hopes up...

S&P 500 turns negative after report indicates a 25 basis point cut at July Fed meeting

https://www.marketwatch.com/story/s...y-fed-meeting-2019-07-19?mod=newsviewer_click

 

[tsptalk]

Current Fed Funds Rate probabilities for July 31 Fed Meeting...

0.50% cut - 77.5%

0.25% - 22.5%