Fed's Williams: Inflation to hit 2.75%-3% this year on energy prices

Federal Reserve Bank of New York President John Williams said on Thursday that they are seeing emerging signs of supply chain disruptions and added that he is projecting inflation to hit 2.75%-3% this year, due to rising energy prices, per Reuters. Federal Reserve Bank of New York President John Williams said on Thursday that they are seeing emerging… Federal Reserve Bank of New York President John Williams said on Thursday that they are seeing emerging signs of supply chain disruptions and added that he is projecting inflation to hit 2.75%-3% this year, due to rising energy prices, per Reuters. Federal Reserve Bank of New York President John Williams said on Thursday that they are seeing emerging signs of supply chain disruptions and added that he is projecting inflation to hit 2.75%-3% this year, due to rising energy prices, per Reuters.Key takeaways"Middle East war already lifting inflation.""Amid challenges, monetary policy is well-positioned.""Economic outlook highly uncertain amid war impact.""Some of energy shock now passing through into other prices.""Swift end to conflict… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.