US interest rates may rise again
New York Federal Reserve Chairman John Williams stated that it is likely the U.S. Federal Reserve will raise interest rates again before the end of the year to help reduce inflation risks. He indicated that market expectations suggest another rate hike seems reasonable, and that the bank will continue monitoring data and making decisions accordingly, especially after the main rate was increased to a range between 3.75% and 4% last week. He explained that 16 out of 18 policymakers see the need to raise interest rates at least once more before the end of 2026 as part of efforts to control inflation.
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