Fed officials push back on rate cut forecasts, see economy as strong for now
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Fed's Williams said rate cuts are premature and the economy remains strong with low unemployment and inflation coming down.
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Forecasts show Fed policymakers predict 0.75 percentage points of rate cuts by end of 2024.
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Markets rallied on forecasts but Williams said rate cuts not being discussed now.
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Other Fed presidents also pushed back on imminent rate cuts.
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Williams said data could still surprise and Fed remains ready to respond by moving rates up or down.