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MNI: Fed Peak Rate 'Modestly Higher' Vs Sept SEP - Williams

(MNI) WASHINGTON

New York Fed chief John Williams tells reporters higher inflation suggests a higher rates path.

New York Fed President John Williams said Monday higher underlying inflation suggests the need for a "modestly higher" path for the fed funds rate than previously indicated in September.

"Stronger demand in the economy than I previously thought and then somewhat higher underlying inflation suggest a modestly higher path for for policy relative to September, but not a massive change," he told reporters on a conference call.

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New York Fed President John Williams said Monday higher underlying inflation suggests the need for a "modestly higher" path for the fed funds rate than previously indicated in September.

"Stronger demand in the economy than I previously thought and then somewhat higher underlying inflation suggest a modestly higher path for for policy relative to September, but not a massive change," he told reporters on a conference call.

Keep reading...Show less