New York Fed President Williams says inflation has peaked, rates 'well positioned'
Williams said multiple signs show inflation has peaked, giving the Federal Reserve room to keep rates steady even as markets still expect a hike.
- New York Fed President John Williams said Wednesday that inflation has peaked, allowing the central bank to hold interest rates steady despite market expectations for future hikes.
- Higher tariffs, supply chain disruptions, and energy price spikes from the Middle East war drove inflation over the past year, Williams said, though he noted these pressures are now easing.
- Data released Tuesday by the Bureau of Labor Statistics showed the Consumer Price Index rose 3.5% in June, while Core CPI fell to 2.6% year over year, signaling cooling inflation.
- Following the inflation report, traders assigned only a 10% probability the Federal Reserve will raise rates at its July 28-29 meeting, down sharply from prior expectations.
- Fed Chairman Kevin Warsh told the House Financial Services on Tuesday that the price decline does not represent "mission accomplished," cautioning that policymakers remain divided on future rate moves.
11 Articles
11 Articles
New York stock market rises on moderate inflation; Big Tech companies smile; New York Fed President says inflation has peaked; SK Hynix falls 9%; international oil prices rise slightly, US Treasury yields fall; on the 15th, signals emerged that inflation is cooling, contrary to concerns that the war with Iran would significantly raise prices.
(New York = Yonhap News) Correspondent Kim Yeon-sook = John Williams, President of the U.S. Federal Reserve Bank of New York, expressed the view that inflation has peaked, and [regarding] the current monetary policy...
Fed's Williams: "Unquestionably too-high" inflation may soon subside
The president of the Federal Reserve (Fed) New York District, John Williams, was concerned about the high level of inflation in the United States, but argued that the current stance of monetary policy, maintaining interest rates between 3.50% and 3.75%, is appropriate at this time. Subject matter exclusive to subscribers. To have full access, access the link of the subject and register.
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