- Williams expects inflation to decline in H2 and further next year, with sustained 2% inflation targeted by 2028.
- The FOMC held the federal-funds target range at 3.50%-3.75% last week, a decision Williams strongly supported.
- Inflation measured by the Fed's preferred gauge rose 3.7% year over year in June, while futures traders priced a decent chance of a rate increase by year-end.