NY Fed President John Williams backs one more rate hike this year and none in 2027

Williams told Bloomberg in an Oct. 13 interview that one more hike in 2026 is appropriate but he does not expect the Fed to raise rates again in 2027, a view Reuters also reported. The Fed raised its benchmark rate a quarter point to 3.75%–4.00% on Sept. 16, its first hike since July 2023, per CNBC. One more quarter-point move would reach 4.00%–4.25%, the year-end range Fed officials projected in September, per Reuters.