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Story summary
- Federal Reserve President John Williams said another rate hike may be appropriate by year-end.
- Williams said explicit forward guidance is over.
- CME FedWatch showed a 77.5% chance of an October hike, up from about 53% Wednesday.
- Boston Federal Reserve President Susan Collins warned inflation will likely stay above the 2% target.
- Federal Reserve Governor Michael Barr said further policy adjustments are likely needed to bring inflation down to target.