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Fed's Williams: There Are Reasons to Believe Inflation Has Peaked and Will Gradually Decline in the Coming Quarters

On July 15, Federal Reserve's Williams stated that in the context of high inflation, it is essential to restore it to the 2% target. The current monetary policy stance is very suitable for achieving this goal. Inflation is undoubtedly too high, around 4%. There are encouraging reasons to believe that inflation has peaked and will gradually decline in the coming quarters. Overall inflation is expected to drop to about 3.25% by the end of the year and continue moving towards the 2% target by 2027, reaching the target in 2028. Long-term inflation expectations remain stable.

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