Williams: The December interest rate decision will be a balancing act

According to Jinshi reports, New York Fed President Williams stated that the financial pressures faced by low- and middle-income groups may threaten the resilience of the U.S. economy, even though wealthy families are benefiting from the stock market boom. He noted that the interest rate decision in December will be a balancing act and emphasized that inflation remains high with no signs of decline. Williams also mentioned that low- and middle-income households face constraints in affordability, which poses risks to consumer confidence and spending.