off-the-wire

Fed's Williams currently sees no need for rate hike in 2027, Bloomberg News reports

Kitco Media
By Reuters
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Updated:
Reuters
Fed's Williams currently sees no need for rate hike in 2027, Bloomberg News reports teaser image

Oct 13 (Reuters) - New York Federal Reserve President ​John Williams said ‌he still sees one more interest-rate ​hike as appropriate ​this year, but at ⁠the moment ​does not believe ​it will be necessary for the central bank ​to increase ​rates again in 2027, Bloomberg ‌News ⁠reported on Tuesday.

Williams told Bloomberg News in an ​interview there ​are ⁠still signs inflation will ​slow “quite a bit” ​and ⁠approach the Fed’s 2% target ⁠next ​year.

Reporting by ​Gnaneshwar Rajan in Bengaluru; Editing ​by Chris Reese

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