Fed seeks inflation goal

John Williams, president of the Federal Reserve Bank of New York, said the U.S. economy and labor market remain strong, but inflation persists, requiring continued efforts to bring it sustainably back to the 2% target. He did not specify when the next interest-rate increase would come or how large it would be. Markets expect a quarter-point hike in December, followed by another in January. The current target range is 3.75% to 4%.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article