New York Fed president warned inflation has peaked — but markets still expect a rate hike

John Williams sees 5 reasons price pressures are easing, but markets still expect the Fed to raise rates as soon as September

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New York Federal Reserve President John Williams said Wednesday that inflation has peaked and should decline in coming quarters, backing the case for holding interest rates steady even as markets anticipate a hike.

"There are encouraging reasons to expect that inflation has peaked and should edge down in coming quarters," Williams said in a speech to business leaders in New York. He expects overall inflation to fall to around 3.25% by year-end, then continue toward the Fed's 2% target in 2027 and reach it in........

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