Federal Reserve's Williams: The Fed is closer to cutting rates, but not yet ready to implement

ChainCatcher news, according to "Fed Whisperer" Nick Timiraos, Federal Reserve's Williams hinted that if recent inflation continues to slow down, there may be a reason to cut interest rates in the coming months, but there will not be a rate cut at the Federal Reserve meeting in two weeks.

Williams also stated that, along with signs showing that the U.S. labor market is gradually cooling, the inflation data from the past three months "brings the Federal Reserve closer to the inflation decline trend we expect." These are all positive signs. He hopes to see more data to gain further confidence that inflation is consistently moving towards our 2% target. His remarks suggest that the central bank may consider lowering interest rates at the mid-September meeting, provided that there are no significant surprises in the economic situation.