Fed's Williams: Inflation Still Too High, More Tightening Needed
New York Fed President John Williams said inflation remains too high and the Fed needs to tighten further, supporting expectations for a December rate hike.
2 h ago12 min read
NY Fed survey for October sees inflation expectations flat at 1-, 3- and 5-year horizons
NY Fed October survey: inflation expectations held at 3%, 3.3% and 3.9%; unemployment expectations highest since April 2020.
09/11/2026 17:122 min read
- Inflation one year out stayed put at 3%.
- The three-year outlook was also unchanged, at 3.3%.
- For five years out, expectations remained at 3.9%.
- Expectations that unemployment will rise reached their highest point since April 2020.
- The expected change in gas prices over the coming year is moderating.
- The outlook for credit access was unchanged.
- Households felt more optimistic about their own finances.
These results cut against much of the mainstream discussion, most notably on unemployment. That could simply point to worry over artificial intelligence.
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