MARKET DAILY

Market 12/15: Fed's Williams' remarks and market confidence

US November preliminary PMI rises slightly, November industrial production recovers. However, survey of businesses in New York shows contraction in production in the state.

Nhật Thanh Lê
Nhật Thanh Lê

New York Fed President John Williams: Fed "is not really talking about rate cuts" right now.

(Only) if progress is made as expected, rate cuts will be "a matter of course".

Williams' remarks are only aimed at reining in the market because the market was too excited by Powell's remarks after FOMC.

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