Published Date May 30, 2024

New York Fed President John Williams expects overall PCE inflation to moderate to ~2.5% this year before moving closer to 2% next year, he said on Thursday.

He gave no indication when he would support an interest rate cut in the prepared text for his speech at the Economic Club of New York. A moderated Q&A followed his prepared remarks.

READ MORE: New York Fed's Williams sees inflation moderating to 2.5% this year

By Caroline Gaudette

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