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Fed's Williams Suggests Single Interest Rate Hike as Starting Point

New York Fed President John Williams has suggested that a 25 basis point increase in the Federal Reserve's benchmark interest rate could be a reasonable starting point. However, he emphasized that incoming data will determine the central bank's policy path.

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Data-Driven Decisions and Inflation Concerns

In a recent interview with Yahoo Finance, Williams mentioned that this potential increase is in line with the median expectation of his colleagues. He reiterated the importance of being driven by data and highlighted concerns about credit conditions and underlying inflation trends.