Low rates era endures, skips policy outlook: NY Fed's Williams
New York Fed President John Williams said the era of low real short-term rates 'is far from over', citing benchmarks like r-star, y-star, and u-star in a Mexico City speech. He avoided near-term policy talk, even as Powell hinted at cuts. SPY is up 10.3% this year, QQQ 11.9%, though tech sentiment on Stocktwits has turned bearish.