Fed's Williams just contradicted himself in the same breath—says one more hike needed in 2027, then immediately says no hikes needed in 2027.
This is either a miscommunication or the Fed is genuinely unsure what comes next. Markets hate uncertainty, but they hate confused central bankers even more.
Translation: The Fed is flying blind right now. Don't be surprised if rate expectations whipsaw over the next few quarters.
This is either a miscommunication or the Fed is genuinely unsure what comes next. Markets hate uncertainty, but they hate confused central bankers even more.
Translation: The Fed is flying blind right now. Don't be surprised if rate expectations whipsaw over the next few quarters.