Fed's Williams says inflation to hit 2% in 2028 after 3.5% this year, sees no urgency for next hike

New York Fed President John Williams said inflation will run at 3.5% this year before falling to the Fed's 2% target in 2028, and that there is no urgency for the next rate hike. He also said the K-shaped economy is "very real," seeing GDP at 2.25% this year and unemployment at 4% over 2027.

Detected & updated continuously · Source: Nebula