{"id":73357,"date":"2022-10-04T00:03:00","date_gmt":"2022-10-03T20:03:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73357"},"modified":"2022-10-04T01:06:45","modified_gmt":"2022-10-03T21:06:45","slug":"feds-williams-fed-still-has-a-way-to-go","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-williams-fed-still-has-a-way-to-go\/10\/04\/market-updates\/","title":{"rendered":"Fed&#8217;s Williams: Fed still has a way to go"},"content":{"rendered":"\n<p>New York Fed President John C. Williams, on Monday, said that the Fed still has a way to go, cites 4.6% median `23 dot.<br><br>In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. &#8220;The outer layer consist of prices of globally traded commodities such as lumber, steel, grains, and oil.&#8221; <br><br>Prices soared as demand rebounded from the pandemic. Russia&#8217;s war in Ukraine also added to the pressure, he said.<br><br>Comments by Williams have come as the US dollar was softer by 0.4% and stocks on Wall Street ended sharply higher on Monday. The Dow finished +2.7%, the S&amp;P 500 closed +2.6% and the Nasdaq Composite ended +2.3%. <br><br>The 10-year Treasury yield fell 14 basis points to 3.66% and at one point dropped by 20 basis points. The 2-year yield declined 9 basis points to 4.12%.<br><br>ISM manufacturing index data, which provides a gauge for manufacturing activity in the US, came in lower than expected. The ISM reported a figure of 50.9 for September, lower than the forecasted 52.2.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Fed President John C. Williams, on Monday, said that the Fed still has a way to go, cites 4.6% median `23 dot.In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. &#8220;The outer layer consist of prices of globally traded commodities such as lumber, steel, grains, and oil.&#8221; &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,8674,8020,6984,6871],"class_list":["post-73357","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-ism-manufacturing","tag-john-williams","tag-treasury-yields","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=73357"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73357\/revisions"}],"predecessor-version":[{"id":73361,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73357\/revisions\/73361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32924"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}