Reduce inflation rate from 6.5% to 3% this years, says Williams
FOMC's Williams speech did not do much, as he was echoing what Jerome Powell already said 2 days ago. Rate hikes to resume, but at slower pace. Williams mentioned that inflation rate in the US should cool off to 3% this year, now at 6.5%. That's 50% lower.
Question is, how much more rate hike is required to push inflation down by 50%? Will that be somehow somewhat slowdown the US economy as a whole? A whole lot more tightening will need to take place, as I see it. Lending has already begun to tighten and credit is more difficult to obtain due to stricter requirements by banks.
Hmm... how will this play out?
By Sifu Steve @ XeroAcademy
#usdollar #usd #dxy #interestrates #useconomy #federalreserve #FOMC #inflation
Question is, how much more rate hike is required to push inflation down by 50%? Will that be somehow somewhat slowdown the US economy as a whole? A whole lot more tightening will need to take place, as I see it. Lending has already begun to tighten and credit is more difficult to obtain due to stricter requirements by banks.
Hmm... how will this play out?
By Sifu Steve @ XeroAcademy
#usdollar #usd #dxy #interestrates #useconomy #federalreserve #FOMC #inflation