John Williams calls year-end rate hike a reasonable expectation
New York Fed President John Williams said on September 24 that another rate hike before year-end is a reasonable expectation. The Federal Open Market Committee had raised rates on September 16 to 3.75%–4%, its first hike since July 2023.
Why it mattersAdditional rate hikes can make borrowing more expensive for consumers.
How we got here
- The FOMC unanimously raised its target range by 0.25 percentage point to 3.75%–4%. Gov
- John Williams stated that another rate hike by year-end would be a reasonable expectation. CNBC
- A report examined how the September rate increase could affect consumer borrowing costs and savings. Foxbusiness
All coverage
The coverage
- Fed’s Williams: 'Reasonable' to expect another rate hike by year-endCNBC
- Fed Confronts the Prospect of Another Rate Increase Ahead of MidtermsThe New York Times · Sep 25
- Gold hits seven-week low as oil surge fuels rate hike betsReuters · Sep 28
- Federal Reserve Board - Federal Reserve issues FOMC statementGov
Analysis & opinion
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