According to a ChainCatcher report citing Jin10, New York Fed President John Williams expects the U.S. economy to remain healthy in 2026 and suggested there is currently no justification for interest rate cuts in the near term. He stated that the current monetary policy is in a good position to support labor market stability and help bring inflation back to the 2% target. Williams projected GDP growth for this year to be between 2.5% and 2.75%, with the unemployment rate stabilizing and inflationary pressures peaking at between 2.75% and 3% in the first half of the year, averaging a decline to 2.5% for the full year.
Williams: No Reason for a Near-Term Rate Cut, Forecasts GDP Growth of 2.5%-2.75%
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Summary
New York Fed President John Williams said there is no immediate need for a rate cut, with GDP growth projected to be 2.5% to 2.75% this year. He noted that inflation is expected to peak at 2.75% to 3% in the first half of the year before gradually easing. Market observers are closely watching altcoins amid shifting market sentiment. The fear and greed index remains a key indicator for cryptocurrency traders. Unemployment is expected to stabilize, with policy measures supporting continued strength in the labor market.
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