Over the summer season months, as reporters and the markets have been pondering what number of extra occasions the Federal Reserve would hike rates of interest this yr, New York Fed President John Williams talked about one cause the central financial institution may truly begin reducing charges in 2024.
In an interview, Williams defined that, assuming inflation comes down, if the Fed doesn’t reduce rates of interest in some unspecified time in the future, then actual — or adjusted-for-inflation — rates of interest will go up and up and up.
Different…
