Several Federal Reserve officials signal interest rate hikes, with the New York Fed president saying a rate hike later this year may be appropriate.

This week, multiple Federal Reserve officials spoke intensively on inflation, monetary policy, and the economic outlook. New York Fed President John Williams said that if the economy meets expectations, there may be one more rate hike this year, but after the September hike, "there is no need to rush to act"; St. Louis Fed President Alberto Musalem emphasized that the Fed should avoid exiting communication without a clear framework, otherwise the market may not be able to understand its policies and actions.