Fed's Williams does not rule out possibility of rates cuts next year

<ul><li>Inflation is coming down as hoped</li><li>Expects unemployment to rise slightly as the economy cools, personally sees unemployment rate rising above 4% next year</li><li>Does not rule out possibility of lowering rates in early 2024</li><li>It all depends on the economic data</li></ul><p>Well, that's one of the first angles by the Fed in agreeing to the current market pricing as seen <a href="https://www.forexlive.com/news/how-has-the-fed-pricing-shifted-after-fridays-jobs-report-20230807/" target="_blank" rel="follow">here</a>. They have been adamant that rates are to hold higher for longer and keep in more restrictive territory, so this is a bit of an early take. But if they keep interest rates unchanged in September again and inflation data continues to point downwards, this may gather more traction.</p>

This article was written by Justin Low at www.forexlive.com.