Traders expecting a back-to-back rate hike from the Fed in October may have gotten ahead of themselves U.S. stocks end down, but off lows, as Fed's Williams says rate hikes can wait Traders expecting a back-to-back rate hike from the Fed in October may have gotten ahead of themselves New York Fed’s John Williams says ‘there is no need for urgency’ after September hike New York Fed President John Williams always has a vote on Fed interest-rate decisions. al-market participants have become increasingly confident that Federal Reserve officials will raise interest rates at their October meeting. But a leading U.S. central banker added a note of caution to the equation on Wednesday. New York Fed President John Williams, an influential official who votes on every Fed interest-rate decision, suggested that the central bank does not have to rush to raise rates and has time to collect more data before hiking again.
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