Reported 6 months ago
New York Federal Reserve President John Williams predicts inflation will decrease in the latter part of the year, attributing recent inflation readings to a rebound from low levels last year rather than a shift in the overall downward trend. Williams emphasized the Fed's commitment to not lowering rates until substantial progress is made in addressing inflation. He expects global disinflation and economic balance to contribute to inflation moderating in the second half of the year, aiming for an end-of-year inflation rate of 2.5% while highlighting the strength of the job market and the need for wage growth to support sustained 2% price inflation.
Source: YAHOO