New York Fed President Williams jacked up his PCE inflation forecast for 2024

Adam had comments from Williams posted Thursday:

• Williams Q&A: Core services ex-housing inflation falling faster than expected

He’s also popped up his speech, full text here: Eclipse

In here he has raised his inflation forecast:

• I expect overall PCE inflation to be 2-1/4 to 2-1/2 percent this year, before moving closer to 2 percent next year.

Is there still debate on the possibility of a June rate cut? Its not gonna happen. Read the t-shirt!

As head of the NY Fed Williams is vice chair of the Federal Open Market Committee (FOMC) and has a permanent vote on the Committee.

This article was written by Eamonn Sheridan at www.forexlive.com.