New York Fed President Williams jacked up his PCE inflation forecast for 2024 ...Middle East

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New York Fed President Williams jacked up his PCE inflation forecast for 2024
Adam had comments from Williams posted Thursday:Williams Q&A: Core services ex-housing inflation falling faster than expectedHe's also popped up his speech, full text here: EclipseIn here he has raised his inflation forecast:I expect overall PCE inflation to be 2-1/4 to 2-1/2 percent this year, before moving closer to 2 percent next year.Is there still debate on the possibility of a June rate cut? Its not gonna happen. Read the t-shirt!As head of the NY Fed Williams is vice chair of the Federal Open Market Committee (FOMC) and has a permanent vote on the Committee. This article was written by Eamonn Sheridan at www.forexlive.com.

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