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Fed's Williams: Latest data has been consistent with recent trends

BY Reuters | ECONOMIC | 10/10/24 11:34 AM EDT

By Michael S. Derby

Oct 10 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday the latest round of hiring and inflation data fits in with the overall pattern of economic activity seen as the central bank went into its policy meeting last month.

"Watching the data flow, including recent data, it's consistent with the overall patterns we've seen" with job and price pressure developments, Williams told a gathering at Binghamton University, in Binghamton, New York.

He spoke in the wake of Friday's release of very strong employment data coupled with Thursday's release of consumer level inflation, noting "I try to not get so focused on each data point." (Reporting by Michael S. Derby)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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