The Latest Breaking News from John Williams

Fed Officials Signal Rate Cut, Gold Rises, Dollar Falls

A divided Fed meets amid mixed jobs and inflation signals, leaving Chair Jerome Powell with a suspenseful December.

U.S. stock futures rose on Monday, building on Friday’s gains. Optimism is fueled by New York Fed President John Williams‘ suggestion that a December rate cut remains possible.

The FTSE 100 index closed down 4.80 points, 0.1%, at 9,534.91.

Last week, Wall Street seemed to have decided that a December cut was off the table. Today speculators put the probability of Fed Chairman Jerome Powell delivering a rate cut at 75.5%.

Capital Economics sketched out a potential scenario where six Fed policymakers vote to keep rates steady while six vote to cut them again.

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.98%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.77%. December E-mini S&P futures (ESZ25 ) rose +1.00%, and December...

New York Fed President John Williams struck a dovish tone Friday, which eased Wall Street's worries over a potential December pause.

The dollar index (DXY00 ) on Friday posted a 5.5-month high but gave up most of its advance and finished up +0.03%. The dollar found support on Friday's hawkish comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan, who said they favored keeping interest rates steady....

New York Fed president John Williams gave the clearest hint yet of a rate cut.

The S&P 500 Index ($SPX ) (SPY ) today is up by +1.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +1.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.14%. December E-mini S&P futures (ESZ25 ) are up +1.23%, and December...