The S&P 500 and the Dow have slipped after comments from a policy maker dampened recent investor optimism that the Federal Reserve could start monetary policy easing early next year. New York Federal Reserve president John Williams pushed back on surging market expectations of interest rate cuts, saying the US central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2.0 per cent target. Money markets see a 73.7 per cent chance of at least a 25-basis point rate cut as soon as March 2024, down from nearly 80 per cent before Williams' comments, while still pricing in…
