Kurtis Garbutt
Williams stated at a Reserve Bank of India event in Mumbai that "at this point, inflation is approximately 2.5%, and we can discuss notable progress in reducing it. Nonetheless, we still have some way to go to reach the 2% inflation target on a sustained basis. We're committed to finishing the job at hand."
Williams stated earlier this week that he is certain the Fed will reach its inflation target.
The PCE Core index, which is the Fed's primary measure of inflation and does not include food and energy costs, increased at an annualized rate of 2.6 percent in May, the lowest since March 2021.
5.25–5.5% annually was the benchmark interest rate maintained by the Fed. Following their meeting on June 11–12, Fed officials announced their median projection, which indicated that the rate will be lowered by 25 basis points (bps) in 2024.
According to MarketWatch, traders anticipate two rate cuts from the Fed this year. The market places a 70% probability on a rate reduction in September.
source: marketwatch.com
Williams stated earlier this week that he is certain the Fed will reach its inflation target.
The PCE Core index, which is the Fed's primary measure of inflation and does not include food and energy costs, increased at an annualized rate of 2.6 percent in May, the lowest since March 2021.
5.25–5.5% annually was the benchmark interest rate maintained by the Fed. Following their meeting on June 11–12, Fed officials announced their median projection, which indicated that the rate will be lowered by 25 basis points (bps) in 2024.
According to MarketWatch, traders anticipate two rate cuts from the Fed this year. The market places a 70% probability on a rate reduction in September.
source: marketwatch.com