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.
Trump says he would consider a week-long military campaign against Cuba and may use force against Iran.
The approach appears to be sustaining the blockade of Cuba, though Trump's tendency to improvise makes outcomes uncertain.
Separately, the United States conducted strikes on Iran today, with low-level attacks continuing. Senator Tim Kaine announced he is preparing a measure to terminate the Iran conflict, which he will push to attach to a Dec. 11 stopgap funding bill.
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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.
Bitcoin traded near $71,200 after hitting a fresh session low of $71,000, as the 10-year yield stayed above 5% and stocks dipped.
NY Fed's Williams speaks after hotter CPI data, boosting expectations of a December rate hike.
New Zealand's factory PMI eased to 54.9 in October, its 16th consecutive month of expansion, though at a slower pace than September.