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New York Fed's Williams Expects Little Change in US Core Inflation
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John Williams, President of the Federal Reserve Bank of New York, said that although rising energy costs are expected to push up headline inflation, the outlook for underlying price pressures in the United States remains broadly unchanged, with little movement in core inflation. Williams stated that he has slightly lowered his forecast for US economic growth in 2026 to a range of 2% to 2.5%, and expects headline inflation to increase, but sees no need to consider any adjustment to the Federal Reserve's benchmark interest rate. He added that the current monetary policy stance is well positioned, allowing policymakers to wait and assess the economic consequences of the Middle East conflict. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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