NY Fed: Speech By Williams Not About Potential Policy Actions

So why did they issue this statement? They needed to adjust expectations towards what they are planning to do on July 31st, which is a 25 basis point cut.

50 basis point moves in rates have only occurred when the Fed was cutting aggressively to deal with the 2001 recession and the 2008 crisis.

The Fed works hard to be transparent with policy moves, and has done a good job of it. I don't remember the last time they surprised markets with a rate decision.

William's speech triggered a big shift in market expectations towards the 50 basis point rate cut. The Fed needed to adjust market expectations quickly. The black out period begins Saturday. After tomorrow, we won't hear from Fed officials until after the FOMC meeting. I wouldn't be surprised if an FOMC member makes unscheduled headlines tomorrow if the Fed isn't comfortable with where rate expectations are.

The Fed does not want to enter the July meeting with markets expectations split 50/50. Here's where we are now (we were above 70% betting for a 50bp cut before this breaking news):

So now it was just an academic speech right okay, After they close their own trades

For a few hours tops, enjoy.

us dollar great again xd

More like to screw the EUR/US around

This is right on point. I hope you act on it because this is a rare opportunity we've been presented with. Until rate expectations come down to 25 basis points, there's a lot of upside potential in the US dollar. I'm shorting EUR/USD with confidence.

The expected way is that the rally not last and probably go down to very low this coming week.

This will give the traditional leg room for big movement.

If interest rate is reduced by 0.5% when EurUsd is @ 1.1150, then we can expect 250pips movement within 2 says.

This rally is probably set up to sell through next week and wait for FOMC

it fucks the gold around too... a new 6 year high because of these clowns and their speeches that doesnt matter to what matters

This post should be big impact news.

LOL it's time to undo the move that happened a few hours ago

The first Fed rate cut in 11 years is coming. No wonder the markets are ultra sensitive at this point.

FED officials trading against each other, no other explanation.

now GOLD will be at 1426 1422 today

He already clarified it was only his opinion

what the Fuck is happening with these news

were kind of lost here , what to fuckin beleive , usd still selling , is this a fake news or what ?

I know you bloody banker first you make big news of Williams so that you can run the market up and now you say its not potential GREAT

Here we go...

Dollar to maintain its original direction as hoped.More fail to EuR