More from Fed’s Williams:
- key to look at underlying inflation factors, not just a specific measure.
- Government technical changes could better reconcile PCE inflation and CPI differences.
- Fed policy needs to remain data dependent.
- We will have to see how monetary policy reacts to data.
- Labor market has been very stable.
- Risks remain more on the inflation side
- 0.2% monthly PCE in second half of the year will be consistent with the goal
- Still uncertainty about the longer-term neutral rate
- Task forces a timely chance for Fed officials to think about policies
US stocks are set to open with the major indices trading higher as reflected by the futures.
At the opening bell
- Dow industrial average is trading above and below unchanged.
- S&P index is up five points or 0.06%
- NASDAQ index is up 40 points or 0.16%
This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.