According to Reuters, New York Fed President Williams stated that U.S. inflation is expected to continue declining in the second half of this year and next year, with hopes of sustainably returning to the 2% target by 2028. However, if inflation doesn’t decrease as expected, further Fed rate hikes would be 'entirely appropriate.' He expressed strong support for last week’s decision to keep the federal funds rate at 3.50%–3.75%, believing the current policy stance remains appropriate. U.S. June PCE rose 3.7% year-over-year, and the market has now priced in a higher likelihood of rate hikes this year. https://(wublock123.com)/news/ny-fed-williams-sees-us-inflation-falling-late-2024-into-2025-65801