Federal Reserve Williams: There is reason to believe that inflation has peaked and will gradually fall back in the next few quarters

On 15 July, the Federal Reserve Williams: in a situation of high inflation, it must be continuously restored to its target of 2 per cent. The current monetary policy stance is well suited to achieve this goal. Inflation is undoubtedly too high, at about 4 per cent. There are encouraging reasons to believe that inflation has peaked and will gradually fall in the coming quarters. Overall inflation is expected to decline to about 3.25 per cent by the end of the year and to continue to move towards the 2 per cent target in 2027 and to reach the target in 2028. Long-term inflation expectations remain strong。