Fed's Williams hints at rate cut, but won't cut rates in two weeks

PANews July 17th news, according to the “Fed Whisperer” Nick Timiraos, Federal Reserve Williams hinted that if recent inflation continues to slow down, there may be reasons to cut interest rates in the coming months, but not at the Fed meeting in two weeks. Williams also said that there are signs that the US labor market is gradually cooling down, and the inflation data in the past three months “brings the Fed closer to the inflation downturn trend we expected.” These are positive signs. I hope to see longer data to gain further confidence that inflation is moving towards our 2% target. His remarks indicate that the Fed may consider lowering interest rates at the mid-September meeting, provided that there are no major surprises in the economic situation.