New York Fed’s Williams says it's 'reasonable' to expect another rate hike by year-end
New York Fed President John Williams said another rate increase by year-end was a reasonable expectation, while a former Dallas Fed chief argued markets may be pricing too many hikes.
TL;DR
- CNBC reported Williams said another rate hike by year-end was “reasonable” to expect.
- MarketWatch reported former Dallas Fed chief Robert Kaplan’s view that markets were pricing in too many Fed hikes.
- The two reports show a disagreement over the rate outlook, not a Federal Reserve decision.
Williams said it was reasonable to expect another rate hike by year-end, CNBC reported. [1]
MarketWatch reported that former Dallas Fed chief Robert Kaplan believes markets are pricing in too many Fed hikes. [2]
These are individual views; neither report announces a change to the Federal Open Market Committee’s target range. [1] [2]
Why it matters
Different readings of the policy outlook can move yields and expectations even before the Federal Reserve makes a decision.
Editor's note
No rate forecast is made here; the story attributes each view to its speaker and outlet.