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Fed’s Williams expects further U.S. rate increases into next year

Fed's Williams expects further U.S. rate increases into next year© Reuters. U.S. central banker Williams addresses news conference in Zurich

NEW YORK (Reuters) – One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest-rate hikes in the face of an economy “in really good shape” and a U.S. expansion that should mark a record length midway through next year.

“Given this outlook I describe of strong growth, strong labor market and inflation near our goal – and taking into account all the various risks around the outlook – I do continue to expect that further gradual increases in interest rates will best foster a sustained economic expansion and a sustained achievement of our dual mandate,” New York Fed President John Williams (NYSE:) told reporters.

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Source: Investing.com

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