John Williams

U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022. The possibility of rate cuts has re-...

Cautious optimism hangs in the air on Thursday morning as index futures traded up moderately in early hours. The earnings season also heats up with more financial companies and streaming giant Netflix, Inc. (NASDAQ:NFLX) scheduled to release quarterly results. Economic data on the...

Earnings optimism may partly offset worries concerning rising bond yields and the volatile geopolitical situation in the Middle East, with the index futures trading mixed early Tuesday. Israel is considering its next course of action, adding to the uncertainty. Domestically, inflation...

As the week leading to Christmas kicks off, Wall Street has maintained the optimism prevalent since late October, with all major large-cap indices edging upward. Investors continue to ignore warnings from Federal Reserve policymakers regarding the exceptional exuberance over their expectations for...

It’s a red day on Wall Street, with stocks retreating as investors assess the latest economic data indicating an increase in jobless claims and Walmart, Inc. (NYSE:WMT) delivering a cautious stance on the consumer outlook. Treasury yields fell, as investors flocked to fixed income. The 10-...

U.S. stocks experienced a drop as of midday trading in New York, potentially ending a prolonged streak of consecutive daily gains as investors evaluate the economic outlook. Commodity prices continued to weaken on Wednesday, with crude oil prices declining to as low as $75 per barrel, approaching...

Wall Street tumbled during midday trading, with all major stock indices in the red, and only the energy sector showing gains for the session, while 30-year Treasury yields breached the 5% mark, hitting the highest level in over 17 years. The recent developments in the Middle East have weighed on...

Risk sentiment held steady on Tuesday as corporations continued to report better-than-expected earnings. Johnson & Johnson (NYSE:JNJ), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group Inc. (NYSE:GS), and Lockheed Martin Corp. (NYSE:LMT) all exceeded quarterly earnings expectations. An...

In its latest July meeting, the Federal Reserve remained tight-lipped about its future interest rate moves, but the growing divergence of opinions between the hawks and doves within the Fed is becoming more apparent. Investors are struggling to find clues to predict the future of interest rates as...

Stocks eased on Wednesday as investors took a more cautious stance prior to the release of the Fed minutes for the June 14 meeting. The minutes are expected to reveal that the committee broadly agrees that additional interest rate hikes are required to combat inflation. While June’s economic...

Stocks were falling on Tuesday as investors await remarks from several Federal Reserve officials this week and more clarity from Fed Chair Jerome Powell in his testimony before the Congress on Wednesday and Thursday. Meanwhile, U.S. Treasuries rallied, with yields dropping by about 10 basis points...

Federal Reserve Bank of New York President John Williams reportedly said Wednesday that inflation is still at problematic levels and the central bank will use its tools to rein in price hikes. "Inflation is still too high, and we will use our monetary policy tools to restore price stability,"...

Federal Reserve Bank of New York President John Williams reportedly said on Monday that he doesn't think the pace of rate hikes caused the crisis at the two banks back in March. What Happened: The vice-chairman of the Federal Open Market Committee was referring to the failures of Silicon Valley...

New York Federal Reserve Bank President John Williams said on Wednesday the central bank is absolutely committed to guiding inflation down to its 2% target over the next few years. "Our job is clear: our job is to make sure we restore price stability, which is truly the foundation of a...

Federal Reserve officials reportedly said on Tuesday the central bank will have to keep gradually raising interest rates to rein in inflation and suggested sticky price pressures led by a strong jobs market may push borrowing costs higher than they once anticipated. New York Fed President John...