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Story summary
- New York Fed President John Williams said a further rate hike may be appropriate later in 2026.
- He noted the Fed raised the target range in September to 3.75-4.00%.
- Williams said the September move removes urgency, prompting the Fed to wait for more data.
- He forecast inflation ending 2026 near 3.5% and falling toward 2% by 2028.
- Traders trimmed October-hike bets, now pricing a single hike at the December meeting.
