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Williams says inflation is far too high and the Fed has more work to do

NewsFeeds update

New York Fed president John Williams warned that inflation is "far too high" and the Fed must act further to bring prices back to its 2% target. October core CPI beat expectations for a third month, and markets bet on 25 basis point hikes in December, January and March.

MacroChainCatcherAIBearish

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The story so far: Williams on inflation and Fed policy

New York Fed president John Williams said inflation is too high and has persisted too long, calling the labour market stable and the economy resilient. He now warns inflation is 'far too high' and the Fed must act further, after October core CPI beat expectations for a third month.

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  1. Fed's Williams says inflation is too high and has lasted too long

  2. Williams says inflation is far too high and the Fed has more work to do

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.