Fed's Williams (voter) says sees no need for urgency after Sept rate hike
Fed's Williams sees no urgency post-September hike, projecting 2.25% GDP and 3.5% inflation this year, with one additional rate increase likely if economic expectations hold.
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US economic momentum strong and may be strengthening AI investment issues are an increasingly big issue for inflation Sees US GDP at 2.25% this year, unemployment at 4% over 2027 Fed policy can make sure impact of supply shocks not long lasting Sees inflation at 3.5% this year, hit 2% target in 2028 Fed must make sure high inflation does not become entrenched Imperative to get inflation back to 2% Fed will respond to data when setting monetary policy If economy meets expectations, one further hike likely this year More data will help the Fed decide what’s next for rate policy
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