NY Fed president floats chance of a rate cut in ‘near term' – sparking bets on December cut

New York Fed President John Williams said Friday there is room for “further adjustment in the near term” to interest rates – sparking traders to step up their bets on a quarter-point cut at the Fed’s December meeting.Williams argued labor market weakness still poses a bigger threat than inflation, leaving the door open for a quarter-point cut, even as analysts were split on next month’s decision following mixed jobs data.“I view monetary policy as being modestly restrictive, although somewhat less so than b ...