Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Fed will hike rates 2 to 3 times in 2016 -Williams

Published 05/23/2016, 08:27 AM
Updated 05/23/2016, 08:27 AM
© Reuters. Fed's Williams expects 2 to 3 rate hikes this year

Investing.com – San Francisco Fed president John Williams said on Monday that he expects the U.S. central bank to increase rates two or three times this year, though he was concerned about the drop in inflation expectations.

Williams, who is a non-voter at the Fed, said that he expects growth of about 2% and noted that, while the U.S. economy could face some headwinds from abroad, they are essentially at full-employment and there are encouraging signs that wages are picking up.

In this regard, he stated his expectations for two to three rate hikes in 2016 with another three to four coming in 2017.

However, Williams did indicate that he was concerned about the recent fall in inflation expectations and insisted that rate hikes are still data dependent.

Latest comments

Am I the only one who thinks this is very silly. The Fed makes these statements and then puts a disclaimer that in the end says our decision is data dependent, so you can ignore what I just said.. Then it seems this past meeting the health of the global economy was front and center. There has to be a better way to accomplish whatever they are trying to do.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.