【Federal Reserve's Williams: Further Rate Cuts Expected】

According to reliable sources, John Williams, President of the Federal Reserve Bank of New York, stated on Monday that as inflationary pressures continue to ease, the Federal Reserve may further lower its interest rate targets. During a speech at a meeting of the Queens Chamber of Commerce in New York, Williams said, "Monetary policy remains in a restrictive range to support a sustainable return of inflation to the 2% target." Looking ahead, "I expect that over time, continuing to shift towards a more neutral policy setting will be appropriate," Williams stated, adding that the policy path will depend on data. If there is one thing we have learned over the past five years, it is that the outlook remains highly uncertain. Williams did not provide clear guidance on the timing of rate cuts or whether he believes the Federal Reserve will lower its rate targets at this month's FOMC meeting.