Fed Vice Chair Philip Jefferson said officials 'may take more time' before deciding on another rate increase, echoing NY Fed President John Williams. Market-implied odds of an October hike fell from over two-thirds to around one-third this week.
Jefferson said 'may take more time' before deciding next rate move.
Williams echoed the patient approach.
Fed Vice Chair Philip Jefferson and NY Fed President John Williams both signaled that the central bank is in no rush to raise rates again in October. Jefferson said officials 'may take more time' before deciding on another increase, and Williams aligned with that view. Market-implied odds of an October hike dropped from over two-thirds to around one-third this week.
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