New York Fed Williams Projects Inflation Falls to 3.25% by Year-End, Rate Cut Once 2% Target Hit
New York Fed President Williams projected that overall inflation will decline to 3.25% by the end of the year, noting the current 4% pace is consistent with central bank expectations for the coming months.
He stated the policy rate should move to more normal levels once inflation returns to the Federal Reserve's 2% target, which he explicitly dismissed any changes to, adding that medium- and longer-term inflation expectations remain well anchored.
From the sources (8 posts)
@firstsquawkFED'S WILLIAMS: WHEN INFLATION COMES BACK TO 2%, I WOULD EXPECT INTEREST RATES TO MOVE DOWN SOMEWHAT TO MORE NORMAL LEVELS
@financialjuiceFed's Williams: ‘Absolutely not' any consideration to changing 2% target
@firstsquawkWILLIAMS: CPI PRINT WAS CONSISTENT WITH WHAT I AM HOPING TO SEE OVER COMING MONTHS
@cnbcNew York Fed President Williams says inflation has peaked, rates 'well positioned'
@stockmktnewz🇺🇸 FED'S WILLIAMS JUST SAID: - ENCOURAGING REASONS TO EXPECT THAT INFLATION HAS PEAKED AND SHOULD EDGE DOWN IN COMING QUARTERS
@firstsquawkFED'S WILLIAMS: EXPECT OVERALL INFLATION TO DECLINE TO AROUND 3.25% BY YEAR-END, CONTINUE TOWARD OUR 2% GOAL IN 2027 AND LAND ON TARGET IN 2028 || MEDIUM- AND LONGER-TERM INFLATION EXPECTATIONS REMAIN WELL ANCHORED
@financialjuiceFed's Williams: Expect overall inflation to decline to around 3.25% by year-end, continue toward our 2% goal in 2027 and land on target in 2028.
@financialjuiceFed's Williams: Inflation is unquestionably too high at about 4%.