Fed’s Williams says energy prices have already peaked despite new Iran fighting

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Federal Reserve Bank of New York President John Williams stated that energy prices have likely peaked despite renewed military conflict in the Middle East. He expressed that market expectations indicate a decline in oil prices over the next six to twelve months.

Federal Reserve Bank of New York President John Williams said today he does not expect a sustained rise in energy prices for the rest of the year, despite renewed conflict in the Middle East. Williams told a conference at his bank that market expectations for oil prices to decline over the next six to 12 ...