The three key figures of the Federal Reserve sing a different tune from market expectations: they do not believe that the recent US inflation data marks a turning point
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New York Fed President Williams stated that the recent US inflation data is not a turning point, but it may affect its forecasts. He believes that the current monetary policy is restrictive, and if inflation continues to fall, the Fed may start cutting interest rates this year. In addition, Williams pointed out that Fed officials are closely monitoring the situation in the Middle East, but do not consider it a major factor affecting the US economic outlook. Data released on Monday showed a decrease in the size of overnight reverse repurchase agreements by the Fed, seen as a signal of an upcoming slowdown in balance sheet reduction
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