New York Fed President John Williams said oil prices are likely to ease over the coming months despite renewed Middle East tensions, while stressing it is too early to signal the Federal Reserve's next interest rate move. He reiterated that policymakers will remain guided by incoming economic data amid persistent inflation uncertainty.

Falling energy prices may ease inflation, according to Fed's Williams. No Fed rate cuts in 2026 at 78.3% YES.

NY Fed President John Williams projects inflation will fall as energy prices decline, potentially paving the way for easier Fed policy and a friendlier