Odds for another interest rate cut jumped Friday after New York Fed president John Williams signaled he could support a cut when the central bank meets in December.
“I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral,” Williams said in a speech in Chile.
Though he still sees room to cut, Williams said he believes tariffs have temporarily stalled progress toward the Fed’s 2% inflation goal. He estimates tariffs are contributing a half a percentage point to three-quarters of a per