Williams: December Rate Decision Will Be a Balancing Act
ChainCatcher News, according to Golden Ten Data, New York Federal Reserve President Williams stated that the financial pressure faced by low- and middle-income groups in the United States may threaten the resilience of the U.S. economy, even though wealthy households are benefiting from the stock market boom. He pointed out that the interest rate decision in December will be a balancing act and emphasized that inflation remains high with no signs of decline. Williams also mentioned that low- and middle-income households are facing constraints in affordability, which poses risks to consumer confidence and spending.
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