Latest / US News Today | 2 Min News | The Daily News Now!
Inflation Peak? Fed Sees Cooling | US News
New York Fed President John Williams signals inflation may have peaked, citing energy costs, tariffs, and AI investment as key factors now easing — predicting a drop to 3.25% by year-end, then toward the 2% target by 2027-2028. While he highlights a stable labor market supporting this trend, markets still expect another rate hike, and some Fed officials disagree. A surprise drop in consumer prices last month adds complexity, though annual inflation remains above target. Williams notes Middle East oil prices likely peaked and tariffs are leveling off — shifting the conversation toward cooling…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.