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NYS Federal President predicts rate hike
The President of the Federal Reserve Bank of New York, John Williams, stated that he expects interest rates to be raised again this year, ruling out disruptions in 2027 despite pressures from energy prices and investments in artificial intelligence. He explained that inflation is expected to slow significantly over the coming year, and that core inflation indicators have decreased, emphasizing the importance of monitoring broader economic conditions rather than focusing on isolated pressures. He also noted that the recent interest rate hikes were justified based on the available economic data, warning that uncertainty about future prospects remains ongoing.
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