Fed’s Williams says inflation is too high but will start coming down soon
From NBC News: 2024-05-30 13:17:47
New York Federal Reserve President John Williams expressed confidence that inflation will start to slow later this year but offered no clear indication on potential interest rate cuts. Markets had anticipated aggressive rate cuts but now expect only one decrease, likely in November, due to higher than expected inflation readings. Williams emphasized the Fed’s commitment to achieving its goals.
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