US Stock Market: Fed's Williams sees energy prices easing despite Middle East tensions, keeps options open on July rate decision

New York Fed President Williams said market expectations point to oil price moderation over the next six to twelve months despite renewed Middle East tensions, calling it a reasonable baseline. He declined to indicate whether the Fed could raise rates at the July 28-29 meeting, emphasising that policymakers are data-dependent, while June meeting projections showed expectations of higher rates later this year as inflation remains above target.