Add as a preferred source on GoogleWilliams Says One More Fed Hike May Be Appropriate This Year
The New York Fed president sees no need for additional increases in 2027 as inflation is expected to move closer to the Fed’s 2% target.
New York Fed President John Williams said another Federal Reserve rate increase this year may be appropriate, while he currently sees no need for additional hikes in 2027.
Williams expects inflation to slow significantly next year and move closer to the Fed’s 2% target as the effects of tariffs and higher energy prices fade. He also said the U.S. economy is not overheating and that labor-market conditions are not creating additional inflation pressure.
The comments come as markets expect a rate increase in December and two more hikes in 2027. Treasury yields edged lower after Williams’ remarks.
The September consumer-price data are scheduled for release on Oct. 14. The Federal Open Market Committee will meet Oct. 27-28 to decide its next policy move.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.