The European Central bank will have a press conference at 15:30 MT time on December 13.
Fed's Williams considers gradual rate lifts to be decisive for further US surge
With the American economy at full employment as well as inflation set to meet the Fed’s 2% objective next year, the Fed is bound to keep lifting rates gradually for the purpose of keeping the US economy on an even keel, as San Francisco Fed President John Williams told on Monday.
The Fed official stressed that if the Fed delays too long, the American economy will probably overheat, provoking inflation or other issues. He added that gradually lifting rates just to bring monetary policy back to normal will help the Fed to keep the US economy soaring at a rate, which could be sustained for a longer period.
Earlier this month the major US bank lifted interest rates a second time in 2017, and indicated it actually plans to increase them once more this year and also up to three times next year. However, with inflation recently dipping and economic surge stuck at 2%, market participants have been arguing whether the key US bank will end up going more slowly or not.
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