Fed's Williams: One more rate hike likely this year, no further increases needed next year.

New York Fed President Williams stated that one more interest rate hike this year is appropriate, but if the economic outlook unfolds as expected, no further hikes may be needed in 2027. He noted that he supports the September rate hike decision, citing key factors including rising energy prices and increased AI infrastructure investment. Williams explained that the Middle East conflict has pushed up energy prices, which are feeding into core inflation via sectors such as transportation and food

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