Today: September 20, 2024
Today: September 20, 2024

Traders pare bets on 2024 rate cuts as Fed's Williams says talk is 'premature'

John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York
April 26, 2024
Reuters

(Reuters) - Traders of futures contracts that settle to the Federal Reserve's benchmark rate pared bets on U.S. interest-rate reductions next year as New York Fed President John Williams told CNBC in an interview that talk of rate cuts is still "premature" and the central bank could still tighten policy if needed.

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