Federal Reserve "third-in-command": The unemployment rate is expected to remain between 4.25%-4.5%, and inflation will return to the 2% target in 2027.

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On the 16th, Williams, a permanent voting member of the Federal Reserve FOMC and known as the "third in command," stated that the unemployment rate is expected to remain between 4.25%-4.5%.

Inflation is expected to return to the 2% target in 2027. This year’s inflation rate is expected to reach 2.75%-3% due to energy prices. GDP growth is expected to be 2%-2.5% in 2026.

More updates to follow...

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