New York Fed President John Williams said he still expects one more interest-rate hike this year but sees no need for further increases in 2027. He cited underlying disinflationary forces that persist despite pressures from energy prices and AI investment. Williams expects inflation to slow quite a bit over the next year and said the economy is not overheating overall. He also defended the Fed's September quarter-point rate increase, but cautioned that the outlook remains uncertain and incoming data must keep being monitored.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/12/2026 | 1.11555 |
| Change that session | -0.42% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/12/2026 | 4,171.72655 |
| Change that session | -0.54% |
USD/JPY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/12/2026 | 158.645 |
| Change that session | +0.21% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/12/2026 | 778.10 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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